Explain the advantages and disadvantages of book keeping
Answers
Answer:
Legal Obligation. One of the advantages to bookkeeping is that you're meeting a legal obligation to maintain financial reports for your company. ...
Explanation:
please mark me brainliest
Answer:
Book keeping helps keep all customer accounts organized and up-to-date. Therefore, bookkeeping enables a business to see if they are spending too much on inventory, while not reaping the cash inflow from sales that they should. Bookkeeping figures give managers an alert that they must manage their cash flow better.
1) Bookkeeping can be a real distraction to your business' main purpose. 2) If you do not have bookkeeping and accounting knowledge, you can make a mess of your books which can be costly – either to hire a professional to fix it, or you'll pay too much in taxes.
___________________________________