Accounting RecordsForums › FIA Forums › FA1 Recording Financial Transactions Forums › Accounting RecordsThis topic has 1 reply, 2 voices, and was last updated 4 years ago by Ken Garrett.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts October 22, 2020 at 3:42 pm #591114 imtiaznazarMemberTopics: 1Replies: 0☆Q. Why do business organizations keep accountings records? A) In order to know Profit B) To have control of the organization C) To get Loan D) To pay tax October 24, 2020 at 11:01 pm #593053 Ken GarrettKeymasterTopics: 10Replies: 10544☆☆☆☆☆It could bpe all of these. Depends how picky the answer is.A To know financial performance would be better as not every business makes a profit and they need to know losses too.B Yes. You need accounting records to provide information to manage the business well.C Businesses keep financial records even if no loans are sought,D Perhaps to assess tax rather than pay it.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In