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Subjects
Class 11Home ScienceWork, Livelihood and CareerEntrepreneurship: definition and characteristicsEasyLevel 47

Why should an entrepreneur keep records of expenses and income?

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Answer and explanation

Correct answer: To understand financial condition

Records help understand profit loss and expenses. Exam tip: link financial discipline with entrepreneurship.

Tags

home-scienceentrepreneurshipfinance

Frequently asked questions

What is the correct answer to this question?

To understand financial condition

Why is this the correct answer?

Records help understand profit loss and expenses. Exam tip: link financial discipline with entrepreneurship.

Which subject and chapter does this question cover?

This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Entrepreneurship: definition and characteristics.

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