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luck, promoting and corporation) 100%. the previous
was thought-about because the main issue for business
performance. the subsequent factors were thought-about
as influencing record keeping: level of education, ownership,
coaching growth (number of employees) and business
age. the upper the amount of education, the bigger
the necessity for management. Also, those trained in business
management unbroken records. The possession of
business, particularly partnership, caught up records attributable
to lack of trust. plenty of your time was required
to arrange and maintain the records, hence, the poor records
unbroken by entrepreneurs. Also, skilled fees were
too high for people who needed to place their records
straight. there’s would like, therefore, to return up with
straightforward and uncomplicated systems, that any individual
will perceive and, of course, that which is able to
capture all the required data for the analysis of profit and
loss accounts. Therefore, a comprehensive record, that at
a look will provide all the main points (simple), is usually
recommended. It will be ended that almost all respondents
unbroken records for the aim of computing profit
and loss account. though the records unbroken weren’t in
strict sense accounting records, with note books and receipts
because the main records. This shows that they were
interested with immediate money. It may also be ended
that education, coaching and nature of possession were
the most factors that showed positive relationship to records.
Some business house owners don’t keep records as a
result of they understand their businesses to be too little to
be managed with the assistance of records. that’s to mention,
little business house owners World Health Organization
don’t keep records feel that they’re capable of properly
computing revenue and expenditure from memory.
References:
The influence of business records on business performance | Mairura | Journal of
Language, Technology & Entrepreneurship in Africa. (n.d.). Retrieved from
https://www.ajol.info/index.php/jolte/article/view/66712/54600