Question

Accounting records of a business enterprise is required by

Answer 1

Answer:

Owner, shareholders, investors, creditors, Government, public.

Answer 2

Answer:

Accounting records of a business enterprise is required by Owner, shareholders, investors, creditors, Government, public.

Explanation:

Why is it necessary for a company enterprise to have accounting records?

• a list of the company's assets and liabilities. If a company's operation involves trading items, its accounting records, including stock taking records, must allow it to create a statement of stock at the conclusion of each fiscal year.
• A corporation must keep and preserve its books of accounts for at least 8 years prior to the start of a fiscal year. The following employees of a corporation will be in charge of keeping the books of accounts: Executive Director. Director full-time, in charge of finances.
• In order to create reliable financial accounts, you need solid records. These consist of balance sheets and income (profit and loss) statements. These statements might assist you in managing your business and dealing with your bank or creditors.

What financial documents are businesses obligated to keep?

• Purchase and Expense Records
• Received invoices.
• Statements for credit cards.
• Counterfoils and receipts.
• Counterfoils for cheque books.
• vouchers for cash.
• information about pay.
• Credit Records

Accounting records of a business enterprise is required by Owner, shareholders, investors, creditors, Government, public.