The generally accepted accounting practice (GAAP) is followed. However when the business is too small, they practice cost accounting system or maintain rough accounts by themselves.
The impact of small scale business in nigeria economic are much to the extend that a word can not describe it no matter how you want to classify it.The impact has created a lot of business to nigeria system, for instance, MTN Nigeria has contributed and invested much into the economy.
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Small scale retail trade in Nigeria has been responsible for the lack of large scale investment which can lead to export promotion. In small scale retail, most people settle for imports and the sales of items similar to other global competitors.
because sophie went to Nigeria
t is known as Economics of scale
A small scale business in Nigeria is one that doesn't do as much business as a market leader. Typically, these businesses are locally owned businesses.
To create employment To improve the standard of living of its citizen To provide innovation
what are the importance of accounting information in small scale enterprise.
How does government policy affect small and medium scale enterprises in Nigeria
The most profitable small scale industry will vary from one region to another. Some of the common small scale businesses that are quite profitable include stationeries, export business, law firms, accounting services and health specialists.
sources of finance to small scale business
In large scale industry the goodes will get in cheap rate
Examples of the small scale business in Nigeria includes the fresh fruit business, the food supply business, the retail shop business, and the carpet cleaning business. The other important small scale business in Nigeria includes web designing and forex trading.
The impact of small scale business in nigeria economic are much to the extend that a word can not describe it no matter how you want to classify it.The impact has created a lot of business to nigeria system, for instance, MTN Nigeria has contributed and invested much into the economy.
please answer the question
they varies
Poor accounting in small scale business could lead to major losses for the business if there is confusion about how much money it has, and how it is spent. There could also be legal repercussions for inaccurate accounting.