ACCOUNTING SYSTEM IN SMALL SCALE ORGANIZATION

In running a business whether a small scale or large scale, there has always been a need to achieve the best business decisions by example all available alternative courses of action.

All these business decisions are based on records of financial activities which have been undertaken to a considerable extent, to project the future of the business with these records.

These serve the purpose of the several parties, e.g. investors, government, general public who may not be involved in the management of business, but will be interested in the out come of the management actions especially in financial aspect.

This chapter is concerned especially with the role of accounting as means of diving information, with relevant attention to small scale business, as well as small-scale business characteristic, and lastly, the role of accounting personal in the business.

TABLE OF CONTENTS

Title page i

Certification ii

Dedication iii

Acknowledgment iv

CHAPTER ONE

1.1 Introduction 1

1.2 Statement of the problem 2

1.3 Objective of the study 3

1.4 Relevance of the study 4

1.5 Scope of the study 6

1.6 Research methodology 7

1.7 Plan of the study 8

CHAPTER TWO

LITERATURE REVIEW

2.1 Methods of accounting 15

2.2 Basic accounting records 17

2.3 Accounting personnel and equipment 32

2.4 Relationship between cost accounting & financial accounting 34

2.5 Historical background of the case study (FAS Supermarket Limited) 35

CHAPTER THREE

RESEARCH METHODOLOGY

3.1 Accounting practice in the

case study (FAS supermarket limited) 37

3.2 Accounting books in the case study company 44

3.3 Accounting personal and equipment utilized 45

3.4 Method of data collection 46

CHAPTER FOUR

DATA PRESENTATION AND ANALYSIS

4.1 Data analysis 48

CHAPTER FIVE

SUMMARY CONCLUSION AND RECOMMENDATIONS

5.1 Summary 51

5.2 Conclusion 52

5.3 Recommendations 53

References 55

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APA

VsSCT6k5c0006ec2f5046.73429705, S. (2018). ACCOUNTING SYSTEM IN SMALL SCALE ORGANIZATION. Afribary. Retrieved from https://beta.afribary.com/works/accounting-system-in-small-scale-organization-6404

MLA 8th

VsSCT6k5c0006ec2f5046.73429705, StrHsNK5c0006ec2dad18.57862795 "ACCOUNTING SYSTEM IN SMALL SCALE ORGANIZATION" Afribary. Afribary, 29 Jan. 2018, https://beta.afribary.com/works/accounting-system-in-small-scale-organization-6404. Accessed 24 Apr. 2025.

MLA7

VsSCT6k5c0006ec2f5046.73429705, StrHsNK5c0006ec2dad18.57862795 . "ACCOUNTING SYSTEM IN SMALL SCALE ORGANIZATION". Afribary, Afribary, 29 Jan. 2018. Web. 24 Apr. 2025. < https://beta.afribary.com/works/accounting-system-in-small-scale-organization-6404 >.

Chicago

VsSCT6k5c0006ec2f5046.73429705, StrHsNK5c0006ec2dad18.57862795 . "ACCOUNTING SYSTEM IN SMALL SCALE ORGANIZATION" Afribary (2018). Accessed April 24, 2025. https://beta.afribary.com/works/accounting-system-in-small-scale-organization-6404

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