Accounting System In Small Scale Organization

In running a business whether a small scale or large scale, there has always been a need to achieve the best business decisions by example all available alternative courses of action. All these business decisions are based on records of financial activities which have been undertaken to a considerable extent, to project the future of the business with these records. These serve the purpose of the several parties, e.g. investors, government, general public who may not be involved in the management of business, but will be interested in the out come of the management actions especially in financ…