A TERM PAPER ON THE EFFECT OF POOR ACCOUNTING RECORDS IN A PROFIT- ORIENTED ORGANIZATION

The research was carried out to disclose the effect of poor accounting records in a profit –oriented organization. In view of this some relevant data were collected and analyzed. From the analysis made, it was found out that poor accounting records does not reveal true financial position and do not provide good guide for future venture. Poor accounting record affect management decision and endanger future growth and expansion of a business organization. The above constitute the effect of poor accounting records in a profit-oriented organization. Recommendations were given by the researcher so as to enhance and maintain proper accounting records.