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Why is record keeping necessary in an enterprise?

Answer and explanation

Correct answer: आय, खर्च और निर्णयों की सही जानकारी रखने के लिए

Records provide organised information about sales, purchases, income, expenses, stock, payments, and important decisions. This helps the entrepreneur monitor performance, prepare budgets, identify errors, meet reporting needs, and make informed choices. Record keeping is therefore a management and control tool, not meaningless paperwork or a method of hiding information. Option A states its central purpose.

Related tags

Record-KeepingFinancial-ManagementEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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