THE PLACE OF PROPER AND ADEQUATE FINANCIAL RECORD KEEPING IN THE SUCCESS OF SMALL SCALE BUSINESS

ABSTRACT This study investigated the proposed that favour this proper and adequate financial record keeping in the success of small scale business. also discussed is a documentation of the research findings carried out among merchandizing oriented small business with the aim of charging the assertion among our small business proprietors that there is no relationship between sound accounting practices and profitability in business.  In began with under surveying the effects and cause of inadequate or complete lack of proper financial record among our small scale business proprietors. It also underlined the benefit of good financial record keeping. Discussed also is the extent to which simple companies maintained proper and adequate financial records.  Lastly, a relationship was established between proper and adequate financial records and success of small business.  Recommendation outlined a system of financial records for merchandizing oriented small scale businesses.    TABLE OF CONTENTS  Title Page II Approval page III Dedication IV Acknowledgement V Abstract VI Table of content 
CHAPTER ONE  1.0Introduction 1 1.1Historical development of book-keeping 2 1.2Statement of problems 3 1.3Objective of the study 4 1.4Significance of the study 5 1.6Definition of terms 23
CHAPTER TWO  2.0The review of related literature  26 2.1Concept of small scale business 26 2.2Constituents of proper and adequate financial record keeping in business. 27 2.3Benefit of proper and adequate financial record keeping business 30 2.4Causes of inadequate record keeping in small scale business.33  2.5The task of designing financial record keeping system. 36 2.6Measurement of success in small business. 40 2.7Small business and auditing 43
CHAPTER THREE  3.0Research design and methodology 47 3.1Method and procedures 47 3.2Sources of data 48 3.3Research instrument 48 3.4method of data analysis 49 3.5Data analysis of techniques. 49
CHAPTER FOUR  4.0Data presentation and analysis 50
CHAPTER FIVE  5.0Summary of findings, recommendation and conclusion  5.1Summary of findings 67 5.2Recommendations. 68 5.3Conclusion 75 5.4Limitation of study 75