Accounting and bookkeeping in business absolutely have a contractual relationship with each other that is why majority of individuals who go into tertiary institutions and educational organisations to have a degree in accounting end up also having a degree in bookkeeping is because the line ..read more

Book-keeping aids the owner carry out proper business evaluation and monitor its progress. Without book keeping the entrepreneur can run risks of fund mismanagement and loss of business expansion opportunities. Business records prevent theft and ensure proper organization of the business. Poor ..read more

Sole proprietors who operate a sole proprietorship business owns , control , and manage the business all by himself . And just as he enjoys the profits and bears the risks he or she is also responsible to do the bookkeeping aspects of the business . But what happens in the case when the book ..read more

We are all familiar with the fact that if business whether it is in large-scale or small-scale does not practice the business activity of bookkeeping such business is more likely consider to go bankrupt and liquidate one time or the other . But is that the only thing that lead to business... business bankruptcy and liquidation ..read more