Question

write four reason for keep a record of your income and expenditure​

Answer 1

Answer:

Monitor the progress of your business. You need good records to monitor the progress of your business. ...

* Prepare your financial statements. ...

* Identify sources of your income. ...

* Keep track of your deductible expenses. ...

* Keep track of your basis in property. ...

* Prepare your tax return. ...

* Support items reported on your tax returns.