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.

(Visited 72 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *