Session B
The need for accounts
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1 |
Introduction |
Money (or cash, or finance, or funds) is very important to all of us, both as private individuals and as members of organizations. It isn't that it is valuable in itself; its importance is in what it can buy and what it can do for us.
Trading organizations must keep detailed and accurate accounts if they are to stay in business at all, and if they hope to plan for the future in any meaningful way. For example, if manufacturers were approached to make a new product but did not have the right equipment to put the product together, they would have to buy new plant and machinery. If they did ...
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