Why Is It Necessary To Keep Accurate Financial Records?
In order to make judgements about business activities, individuals require accounting information from an accounting system by processing business data so that those parties either interested in or affected by the business can be provided with the means to find out how well or badly the organisation is performing.
There are a number of reasons as to why businesses keep accurate financial records. One of which is, to monitor the success of the business and decision making purposes. This is important, as accounting…
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