Accounting Is Important to a Small Business for All of These

question 72

Multiple Choice

Accounting is important to a small business for all of these reasons EXCEPT

• A)banks,creditors,development agencies,and investors require it.
• B)it provides easy-to-understand plans for business operations.
• C)it makes it difficult for others to acquire your business.
• D)it proves what your business did financially.

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Definitions:

Recovery

The process of regaining possession or control of something lost or taken away, or the return to a normal state of health, mind, or strength.

Dishonor

The refusal or inability to accept or pay a bill of exchange, promissory note, or other credit instrument when due.

Real Defenses

Legitimate legal defenses available in disputing the validity or enforceability of negotiable instruments.

Personal Defenses

Legal justifications or excuses that an individual can claim to defend against blame or legal liability.