Why is record keeping necessary in a venture?
Answer and explanation
Correct answer: आय, खर्च, माल और निर्णय की सही जानकारी रखने के लिए
Accurate records show transactions, income, expenses, stock levels, receivables, and important decisions. They help the entrepreneur control operations, prepare budgets, price products, monitor performance, meet reporting or tax duties, and detect errors. Records are not meant to hide mistakes, confuse customers, or evade legal responsibilities.
Frequently asked questions
What is the correct answer to this question?
आय, खर्च, माल और निर्णय की सही जानकारी रखने के लिए
Why is this the correct answer?
Accurate records show transactions, income, expenses, stock levels, receivables, and important decisions. They help the entrepreneur control operations, prepare budgets, price products, monitor performance, meet reporting or tax duties, and detect errors. Records are not meant to hide mistakes, confuse customers, or evade legal responsibilities.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
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