Why is record keeping important in business?
Answer and explanation
Correct answer: लेन-देन और प्रगति को समझने के लिए
Business records provide organised evidence of transactions such as sales, purchases, receipts, expenses, and payments. By reviewing them, an owner can understand performance, calculate results, monitor cash, and make better decisions. Forgetting information or increasing wrong expenses is not the purpose of records, so option A is correct.
Frequently asked questions
What is the correct answer to this question?
लेन-देन और प्रगति को समझने के लिए
Why is this the correct answer?
Business records provide organised evidence of transactions such as sales, purchases, receipts, expenses, and payments. By reviewing them, an owner can understand performance, calculate results, monitor cash, and make better decisions. Forgetting information or increasing wrong expenses is not the purpose of records, so option A is correct.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship.
