Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 3 - No. 37)
Why do businesses maintain records of transactions?
To keep a record of their customer's transactions.
To keep a record of all their transactions.
To make a profit.
So that they can see if they are making a profit.
Explanation
Businesses maintain records of all their transactions to track income and expenses and assess profitability.
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