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Subjects

Why should an entrepreneur keep records of profit and expenses?

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Answer and explanation

Correct answer: For financial control

Keeping records helps understand the financial condition of business. Exam tip: link accounting with financial discipline.

Tags

home-scienceentrepreneurshipfinancial-management

Frequently asked questions

What is the correct answer to this question?

For financial control

Why is this the correct answer?

Keeping records helps understand the financial condition of business. Exam tip: link accounting with financial discipline.

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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