THE PLACE OF PROPER AND ADEQUATE FINANCIAL RECORD KEEPING IN THE SUCCESS OF SMALL SCALE BUSINESS
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THE PLACE OF PROPER AND ADEQUATE FINANCIAL RECORD KEEPING IN THE SUCCESS OF SMALL SCALE BUSINESS
ABSTRACT: This study investigated the proposed that favour
this proper and adequate financial record keeping in the success of small scale
business. also discussed is a documentation of the research findings carried
out among merchandizing oriented small business with the aim of charging the
assertion among our small business proprietors that there is no relationship
between sound accounting practices and profitability in business. In began with
under surveying the effects and cause of inadequate or complete lack of proper
financial record among our small scale business proprietors. It also underlined
the benefit of good financial record keeping. Discussed also is the extent to
which simple companies maintained proper and adequate financial records. Lastly,
a relationship was established between proper and adequate financial records
and success of small business. Recommendation outlined a system of financial
records for merchandizing oriented small scale businesses.
TABLE OF CONTENTS
CHAPTER ONE
1.0Introduction
1
1.1 Historical
development of book-keeping 2
1.2 Statement of
problems
3
1.3 Objective of
the study
4
1.4 Significance
of the study
5
1.6 Definition
of terms
23
CHAPTER TWO
2.0The review of related literature
26
2.1 Concept of
small scale business 26
2.2 Constituents
of proper and adequate financial record keeping in business.
27
2.3 Benefit of
proper and adequate financial record keeping business 30
2.4 Causes of
inadequate record keeping in small scale business.33
2.5 The task of
designing financial record keeping system. 36
2.6 Measurement
of success in small business. 40
2.7 Small
business and auditing
43
CHAPTER THREE
3.0Research design and methodology 47
3.1 Method and
procedures
47
3.2 Sources of
data
48
3.3 Research
instrument
48
3.4 method of
data analysis
49
3.5 Data
analysis of techniques.
49
CHAPTER FOUR
4.0 Data
presentation and analysis 50
CHAPTER FIVE
5.0 Summary of
findings, recommendation and conclusion
5.1 Summary of
findings
67
5.2
Recommendations.
68
5.3
Conclusion
75
5.4 Limitation
of study 75
CHAPTER ONE
1.0 INTRODUCTION
DEFINITION, NATURE OF BOOK-KEEP AND ACCOUNTING
Book-keeping may simply be defined as an art of recording
all money transactions of an organisation so that its relationship to both its
proprietor and outsider can readily be ascericuned for a particular point in
time. Book-keeping cannot be easily differentiated from accounting in general.
THE PLACE OF PROPER AND ADEQUATE FINANCIAL RECORD KEEPING IN THE SUCCESS OF SMALL SCALE BUSINESS
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This study investigated the proposed that favour this proper and adequate financial record keeping in the success of small scale business. also discussed is a documentation of the research findings carried out among merchandizing oriented small business with the aim of charging the assertion among our small business proprietors that there is no relationship between sound accounting practices and profitability in business. In began with under surveying the effects and cause of inadequate or complete lack of proper financial record among our small scale business proprietors. It also underlined the benefit of good financial record keeping. Discussed also is the extent to which simple companies maintained proper and adequate financial records. Lastly, a relationship was established between proper and adequate financial records and success of small business. Recommendation outlined a system of financial records for merchandizing oriented small scale businesses... accounting project topics
THE PLACE OF PROPER AND ADEQUATE FINANCIAL RECORD KEEPING IN THE SUCCESS OF SMALL SCALE BUSINESS