BOOKKEEPING 2 Definition

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BOOKKEEPING is the art, practice, or labor involved in the systematic recording of the transactions affecting a business.

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INTERNALLY GENERATED refers to the creation of either tangible or intangible results within the confines of one entity, e.g. internally generated funds are those funds that are realized through the efforts or operations of the entity itself, i.e. the funds were not borrowed or realized through other external means.

NTA can mean either Net Tangible Assets or Net Total Assets.

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