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What benefit does an entrepreneur get by recording daily expenses?

Answer and explanation

Correct answer: Money management and decisions improve

Recording daily expenses shows where money is being spent and helps separate necessary costs from avoidable ones. The entrepreneur can prepare a budget, monitor cash use, identify unusual increases, set prices more realistically, and make better financing decisions. Records do not guarantee new customers or remove credit automatically, but they provide essential information for financial discipline and control.

Related tags

Expense-RecordFinancial-ManagementConceptNature And Importance Of Business FinanceConcept Nature And Importance Of Business FinanceSources Of Business FinanceBusiness StudiesClass 11 Mcq

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