Which of the following are valid reasons for maintaining books of accounts? (i) To know whether the

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Which of the following are valid reasons for maintaining books of accounts?
(i) To know whether the business has sufficient money to pay its bills
(ii) To protect the business resources such as cash, goods for sale, furniture
(iii) To monitor whether carrying on the business is worthwhile
(iv) To satisfy the tax inspector

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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