Question: Ms . Neha opened a boutique in Mysore, bringing in Rs . 2 5 lakhs in capital and Rs . 1 0 lakhs in fixed

.

Neha opened a boutique in Mysore, bringing in Rs

. 25

lakhs in capital and Rs

. 10

lakhs in fixed assets. She has resolved to bire an accountant to oversee and maintain the accounting processes. Assume the role of the business accountant and elaborate on the necessity of implementing sound accounting practices for the business.

Ms. Neha opened a boutique in Mysore, bringing in Rs.25 lakhs

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