The owner of a very small, part-time business is very disorganised and doesn’t like filinginvoices, accounts and receipts. ‘What is the point of keeping all that paper work?’ he asks.‘Once the details have been recorded in the accounting system why waste time and spacefiling everything?’ Explain to the small business owner why it is important to keep supporting documentationand how such records are likely to be useful for future decision making and provide anexample.
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