Evaluation of Recrd Keeping Procedure in Organisation; Study of Small and Medium...

CHAPTER ONE 1.0 INTRODUCTION: 1. BACKGROUND OF STUDY: Small and medium plaque play a crucial role in the cultivation of a country. They constitute the bedrock of the most stable political economy of the world. Small and medium establishment are known to pay contributed in transforming the economic status of a country from a backward trend to a prosperous trend. In its one-year report of 2003, the world bank stated that never earlier has there been such broad consensus about what needs to be done to reduce poverty. This consensus includes realization of the importance of the role of the hidden sector, including micro, pocket-sized and medium organizations. According to this report, in certain growth nations of the world, particularly the Asian countries, the contributions of dispirited and medium scale organization have resulted in multiple increase in rough Domestic Product through active participatory contact of low-pitched holders. [ Ellis idemobi, 2004. ]. In India and china, for example, small and medium holders with various entrepreneurial skills contribute over 60percent of the Gross National Product [GNP] accruable to their countries.

larger scale producers are often few in poetry and sometimes depend on finished products by the small and medium industries as raw materials for their own production. According to Olisa, [2008] small and medium scale enterprises in this country have been accomplished to do just any kind of business imaginable: to manufacture and distribute goods, to sell them at retail and, of kind to provide all kinds of needed services. Some serve unless local community, while others functions in national and international markets, belatedly the federal government replanned the economy and paid attention to small and medium enterprises in the country which are the most heavy sector in economic development. The need for proper usher keeping in business arises because accounting... If you want to get a full essay, order it on our website: Ordercustompaper.com

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