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Accounting records should be kept by all businesses for many reasons.
Which THREE of the following are reasons for keeping accounting records?
Suggested Answer: A, B, E
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3 comments · newest first
AZ
Azalee
3 days ago
I feel like option E is also important because it provides insights into resources and activities, but I can't recall if it was one of the top three reasons.
ET
Ettie
8 days ago
I remember a practice question that mentioned how accounting records can indicate managerial performance, so I think option B is definitely one of the answers.
RA
Rasheeda
13 days ago
I think keeping accounting records helps with the efficient running of a business, but I'm not sure if that's the only reason.