Mr. k an entrepreneur started his restaurant business last year and thinks that his business is doing well. He plans to expand his operations this year by opening other branches in Metro Manila. However, he does not maintain proper financial records of his company. He does not believe in the benefits of accounting and proper record keeping. Provide a short narrative explaining to Mr. the importance of accounting in his business

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Mr. k an entrepreneur started his restaurant business last year and thinks that his business is doing well. He plans to expand his operations this year by opening other branches in Metro Manila. However, he does not maintain proper financial records of his company. He does not believe in the benefits of accounting and proper record keeping. Provide a short narrative explaining to Mr. the importance of accounting in his business 

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