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.
Frequently asked questions
What is the correct answer to this question?
आय, खर्च और निर्णयों की सही जानकारी रखने के लिए
Why is this the correct answer?
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.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
