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Subjects
Class 11Home ScienceWork, Livelihood and CareerLife skills for livelihoodExpertLevel 39

If every member in a family enterprise records expenses separately and does not reconcile them what problem will occur?

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Answer and explanation

Correct answer: Financial confusion and wrong profit assessment

Reconciling expense records helps understand correct profit. In exams connect record reconciliation with financial management.

Tags

financial-recordreconciliationfamily-enterprise

Frequently asked questions

What is the correct answer to this question?

Financial confusion and wrong profit assessment

Why is this the correct answer?

Reconciling expense records helps understand correct profit. In exams connect record reconciliation with financial management.

Which subject and chapter does this question cover?

This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Life skills for livelihood.

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