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RECORD KEEPING AND GROWTH OF MICRO AND SMALL ENTERPRISES, A CASE STUDY OF THIS MUNICIPALITY IN KENYA NANCY AKIRA MUCH IRA D53/CE/10192/2007 A RESEARCH PROJECT SUBMITTED IN PARTIAL Fulfillment OF THE
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Record keeping and growth refers to the practice of maintaining detailed and accurate records of financial transactions and business activities, as well as strategies and efforts aimed at expanding and improving the business.
All businesses, including individuals, partnerships, corporations, and other legal entities, are generally required to file record keeping and growth.
To fill out record keeping and growth, businesses must gather all relevant financial and transactional information, such as sales records, expenses, assets, liabilities, and investments. This information should be organized and reported using appropriate accounting methods, such as cash or accrual basis.
The purpose of record keeping and growth is to provide an accurate and transparent view of a business's financial health, performance, and growth potential. It helps businesses make informed decisions, comply with legal requirements, attract investors, secure loans, and demonstrate financial stability.
The information reported on record keeping and growth typically includes details of income, expenses, assets, liabilities, equity, investments, loans, sales, purchases, payroll, taxes, and other financial transactions. The level of detail and specific requirements may vary depending on the jurisdiction and type of business.
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