Get premium membership and access questions with answers, video lessons as well as revision papers.

Outline reasons why management needs complete and accurate books of accounts.

Outline reasons why management needs complete and accurate books of accounts.

Answers

There is no other way the business can be controlled
Records of debtors and creditors are indispensable
The best way to safeguard assets is to have a proper record of them
Accounts can only be prepared if proper primary books exist
The Companies Act has specific requirements on keeping of proper books of accounts
The various acts covering NSSF, NHIF, PAYE, VAT, and LEVY require proper books

---

Judiesiz answered the question on August 15, 2018 at 03:51

Next: State the ways of increasing magnitude of the induced current and electromotive force produced by both the ac and dc generators
Previous: Outline the possible indications of irregularities in auditing.

View More CPA Entrepreneurship and Communication Questions and Answers | Return to Questions Index

Related Questions

• Outline six measures that an office manager may take to ensure employees cooperation when carrying out an organization method (Solved)
  

  Outline six measures that an office manager may take to ensure employees cooperation when carrying out an organization method

  Date posted: August 3, 2018.  Answers (1)

• Discuss the various types of catalogue stating the advantages and disadvantages of each(Solved)
  

  Discuss the various types of catalogue stating the advantages and disadvantages of each.

  Date posted: July 25, 2018.  Answers (1)

• Outline the consequences of a poorly structured business Opportunity(Solved)
  

  Outline the consequences of a poorly structured business Opportunity.

  Date posted: June 18, 2018.  Answers (1)

• Outline the benefits of a well structured Business Opportunity(Solved)
  

  Outline the benefits of a well structured Business Opportunity.

  Date posted: June 18, 2018.  Answers (1)

• Outline the guidelines for choosing a good business Opportunity.(Solved)
  

  Outline the guidelines for
  choosing a good
  business Opportunity.

  Date posted: June 18, 2018.  Answers (1)

• Outline entrepreneurial process for a business opportunity(Solved)
  

  Outline entrepreneurial process for a business opportunity.

  Date posted: June 18, 2018.  Answers (1)

• Outline some of the ways of re-investing in a business(Solved)
  

  Outline some of the ways of re-investing in a business

  Date posted: June 15, 2018.  Answers (1)

• How does networking helps in marketing segment? (Solved)
  

  How does networking helps in marketing segment?
  

  Date posted: April 23, 2018.  Answers (1)