Asked in Economics
Explain three reson why a business should have an account?
August 06, 2012 3:59PM
So as to take proper record of the business. This is aimed at knowing the rate to which such business is growing.
It helps in decision making: Proper decision can only be effective with the aid of proper book of account.
Determinant of Profit or loss: This is to ascertain whether a business is running on a profit or loss level.