ASSESSMENT OF SMALL BUSINESS OWNERS ATTITUDE TOWARDS BUSINESS RECORD KEEPING IN ZARIA METROPOLIS
Ahmed, Fatima Maude
Volume 9 Issue 2
Abstract
The study assessed the attitude of SMEs owners towards keeping accounting record and also the benefit and need for professionals to their businesses so as to keep good and appropriate accounting record which wills improve the performance of their businesses, the study adopts survey research method, whereby Two hundred and twenty (220) questionnaires were distributed. However, 197 were fully answered and returned, which are used for the analysis using frequencies and simple percentages. The study concludes that SME’ s within Zaria metropolis failed due to mismanagement of funds which start from improper record keeping and in ability of business owners to employ the services of professionals to handle their business. Therefore, the study recommends that, there is need for business to employ the service of a professional accountant whom can help them in recording all their business transaction and prepare good financial report for documentation. In addition, commercial banks should make credit facilities easier to SMEs owners so as to be able to secure loans which they can use for business expansion and growth. Also, there should be periodic training among SME’ s owner so as to equip them with the needed knowledge which will enable them achieve sustainability and growth. Key Words: Small Business Owners, Record Keeping, Zaria Metropolis, Professional Accountant
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