Question

why is there need for every business msn to prepare book of accounts?​

Answer 1

Answer:

Recording of every transaction: Every business transaction whether it is a purchase or sale, expenses or income, payment or receipt must be recorded on daily basis into the books or accounting system, because recording of every transaction says we are preparing adequate and complete books of account.

Answer 2

Answer:

Recording of every transaction: Every business transaction whether it is a purchase or sale, expenses or income, payment or receipt must be recorded on daily basis into the books or accounting system, because recording of every transaction says we are preparing adequate and complete books of account.