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What are the problems small scale industries can encounter in keeping a good accounting records?
Wiki User
∙ 9y ago
Small scale industries may lack the expertise and knowledge to keep accounting records in accordance with accepted standards. This could lead to legal trouble.
Wiki User
∙ 9y ago
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Distinguish between accounting and book keeping?
distinguish between book keeping and accounting
The reasons for keeping accounting record?
for a-level accounting . why stakeholders(customers) use the accounting records for guarantees and order met??? the reason for keeping accounting records because human memmory is short and changable, so there is chances of contravercies in future that's why account bookss are keeping
What is ment by accounting?
Accounting is the keeping of financial accounts. Those who work in accounting are responsible for keeping accurate financial records, and providing reports to business owners, managers, and stockholders.
Book-keeping and accounting are synonymous terms?
true..
Mechanical methods of time keeping in cost accounting?
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Distinguish between accounting and book keeping?
distinguish between book keeping and accounting
The reasons for keeping accounting record?
for a-level accounting . why stakeholders(customers) use the accounting records for guarantees and order met??? the reason for keeping accounting records because human memmory is short and changable, so there is chances of contravercies in future that's why account bookss are keeping
What is ment by accounting?
Accounting is the keeping of financial accounts. Those who work in accounting are responsible for keeping accurate financial records, and providing reports to business owners, managers, and stockholders.
What does it mean to manage the accounting system?
To manage an accounting system. The system that manages the accounting. Accounting is: The action or process of keeping financial accounts
What are the problem and prospect of small scale industries in Nigeria?
1. lack of certified public accountant who helps tremendiously in keeping accounting records. 2. unorganised system of accounting 3. insufficient account recording books 4. Auditing round the computer
Book-keeping and accounting are synonymous terms?
true..
Mechanical methods of time keeping in cost accounting?
fkllfnfn
Another word for keeping track of business costs?
Accounting
Define book keeping and explain how it differs from accounting?
which is different from accounting,refers to the mechanical aspects off accounting, such as recording,classifying,and summarising transactions.bookkeeping is therefore a part off accounting....
Differentiate bookepping from accounting?
Book Keeping is a art of maintaining the books of account where as accounting is a set of principle i.e Rules
Why use quickbooks?
QuickBooks is used for keeping track of accounting within small businesses.
What is the definition of 'Accrual Accounting'?
Accrual Accounting is a method of accounting of keeping track of revenues and expenses no matter when the exchange occurs. Revenues are money received and expenses are moneys going out of the business.
