Outline the purposes maintaining business records

  • 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.



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