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-Helps in identification of the limitations or the weaknesses of the firms thus helps in correcting them immediately as it should be done.
-Helps the firm owners to identify the opportunities in the market that are available to make use of them.
-Promote proper utilization of resources available in a firm.These resources include natural and capital resources.
-Helps improving the business/firm survival and growth through the identification of threats, limitations or the opportunities available.
-Promotes long term planning strategies incorporation in a given business or organization thus continuous benefits obtained.
-Facilitates faster decision decision making through proper selection of best alternatives available from the existing alternatives.
jim items answered the question on April 10, 2019 at 16:30
- On July 1999 Kahawa Traders has Kshs 6,000 cash in hand, a bank overdraft of Kshs 2,000. During the month the following transactions took place
a)...(Solved)
On July 1999 Kahawa Traders has Kshs 6,000 cash in hand, a bank overdraft of Kshs 2,000. During the month the following transactions took place
a) Received cheque from debtors totaling to Kshs 80,000
b) Paid telephone bills 1,200 cash
c) Withdrew Kshs 16,000 from bank for office use.
Enter the above information in Kahawa traders cashbook and balance it off
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