- To measure the progress of the business overtime.
- Proper study of the position of the firm.
- Comparison of businesses.
- In case of dispute
- Past records, events, progresses are very necessary to decide policies and plans.
- Certain records are kept for a number of years from the legal point of view.
- Records are good evidence in court of law in case of suits.
- For general use.
(Visited 76 times, 1 visits today)