Why Do You Have To Record Income And Expenses Give At Least Two Reasons? You need good records to prepare accurate financial statements. These include income (profit and loss) statements and balance sheets. These statements can help you in dealing with your bank or creditors and help you manage your business. Why do we need
What Are The Importance Of Records? Records are important for their content and as evidence of communication, decisions, actions, and history. As public institutions, school boards/authorities are accountable to the public and to government. What are the three importance of record keeping? Monitor the progress of your business. Prepare your financial statements. Identify sources of
What Is The Importance Of Keeping Business Records? You need good records to prepare accurate financial statements. These include income (profit and loss) statements and balance sheets. These statements can help you in dealing with your bank or creditors and help you manage your business. You may receive money or property from many sources. What