Which of the following is not a benefit of record keeping?
Which of the following is not a benefit of record keeping?
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It will not help in managing potential risks.
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It will measure profit and performance.
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It will protect the rights of the owner.
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It will not let you know how much you are earning.
Thetasksbeforeoperatingthebusinessmustbe
a. specified to be accomplished by the owner alone
b. in detail so that the owner will know what to do
c. kept by the owner for future reference
d. none of the choices
Which of the following is NOT a benefit to the enterprise?
a. It allows the entrepreneur to plan and work more efficiently.
b. It allows the entrepreneur to meet legal and tax requirements.
c. Can check if the business is doing good.
d. It cannot protect the rights of the owner.
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