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Bookkeeping is a wise man's habit. It is a practice of keeping records of all the financial transactions and utilizing the data to find needy conclusions. Accounting is a vital element of business and is also known as the language of business. With the system of financial records the overall functioning of the business can be precisely analysed. The cash flow in a business of any scale is monitored by accounting techniques. Being a businessman requires a ton of skills but the most you need is to know your numbers well.