BUISENESS MANAGEMENT
RECORD KEEPING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Annual retirement statements
|
|
|
Bank statements
|
|
|
Reciepts for major purchases
|
|
|
Deposits records
|
Detailed explanation-1: -Birth, Marriage, Divorce and Death Certificates Vital records that are rarely needed but a hassle to replace are prime candidates for your safe deposit box. These include birth certificates, death certificates, marriage certificates and divorce certificates.
Detailed explanation-2: -The best way to store your financial records is by scanning important documents and encrypting digital records. Then store any hard copies in a fireproof safe or safe deposit box.
Detailed explanation-3: -The income statement, balance sheet, and statement of cash flows are required financial statements. These three statements are informative tools that traders can use to analyze a company’s financial strength and provide a quick picture of a company’s financial health and underlying value.