Why is it important to maintain proper financial records

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asked Oct 4, 2022 19.9k views

2 Answers

Adanlif · Answer 1 · 2022-10-05T15:10:57+0000

You need good records to prepare accurate financial statements. These include income statements and balance sheets. These statements can help you in dealing with your bank or creditors and help you manage your business.

Why is it important to maintain proper financial records

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