Relevance Of Accounting Records In Small And Medium Scale Industry

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY An accounting system records, retains and reproduces financial information relating to financial transaction flows and financial position,a basic reality of modern economic life is the inter dependence of the business. There is no doubt whatever that the small scale and medium companies constitute the real fabric of a of nation’s economy. And to say that the present and future economic advancement of this our great country Nigeria lies in the growth of Small to Medium Scale enterprises (SME) is not an overstatement. This opinion was uphold d…