ABSTRACT
This
study was intended to examine the effect of
accounting techniques on small scale business performance.
This
study was guided by the following objectives; Evaluate
the knowledge levels of accounting techniques among small business owners and
how this affects enterprise performances, Investigate the influence of accounting techniques on
SMEs performance, Determine the influence of accounting techniques and
practices on financial decision-making by Managers/ operators of SMEs, Determine the factors hindering and/or enhancing accounting
techniques/practices in small business enterprises, Examine the relationship
between Accounting Techniques and SMEs operations and survival, evaluate challenges of
accounting techniques among small business owners and to Suggest possible
solution to the challenges confronted by various small scale business.
The
study employed descriptive and cross
sectional research designs; questionnaires in addition to
library research were applied in order to collect data. Primary and secondary
data sources were used and data was analyzed using the descriptive statistics, chi- square and
analysis of variance (ANOVA) tool at 5% level of significance which was
presented in frequency tables and percentage. The respondents under the study
were 50 small scale business owners.
The
study findings revealed that majority of the
respondents did kept do not employed accounting techniques in recording their
business transactions. Rather Records are kept on cash basis. Sales purchases,
creditors and debtors Receipts, invoices,
payment vouchers are used as record keeping documents which help to reduce
operating costs, improve efficiency and productivity.
The significance of this study will create through documentation, an awareness of the
importance of accounting techniques and basic accounting procedures to
small-scale enterprises.