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Accounting records should be kept by all businesses for many reasons.

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Accounting records should be kept by all businesses for many reasons.

Which THREE of the following are reasons for keeping accounting records?

A.

Aids the efficient running of a business

B.

Indicates how successfully managers are performing

C.

To aid the application of bank loans

D.

To reassure employees

E.

Provides information about the resources and activities of a business

F.

In case of potential takeovers

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  • Vendor: CIMA
  • Product: BA3
  • Update on: Sep 14, 2026
  • Questions: 393
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TESTED 14 Sep 2026