Financial Management: Types of Records
| Date of acession | 2024-12-18T13:06:35Z | |
| Date of availability | 2024-12-18T13:06:35Z | |
| Date of issue | 2013 | |
| Abstract | The financial management process requires systematic record keeping, which is essential for maintaining accurate business operations. This fact sheet outlines the four primary types of financial records: Cash Book, Purchase Records, Sales Records, and Records of Debtors and Creditors. Each record serves a distinct purpose, collecting specific information to provide valuable insights into a business's financial health. The Cash Book tracks daily cash inflows and outflows, the Purchase Records detail business expenses and purchases, the Sales Records monitor the business's revenue from sales, and the Records of Debtors and Creditors track outstanding credits. Proper understanding and management of these records are crucial for business owners to make informed decisions and maintain financial control. | |
| URL | https://hub.ifdc.org/handle/20.500.14297/3355 | |
| Language | en | |
| Subject | Records | |
| Title | Financial Management: Types of Records | |
| Type | Learning Object |