Accountability chronicles: business records in accounting / Nor Kamariah Chik, Rabitah Harun and Nurul Hayani Abd Rahman

The effective management of business records is an essential component in the operation of a prosperous and legally compliant business. Efficient record management facilitates the process of organizing, making informed decisions, adhering to legal requirements, and ensuring the protection of sensitive information. Business records come in varieties forms and one type of business records is accounting records. It refers to the assortment of documents and data that enterprises uphold in order to monitor and substantiate their fiscal transactions and undertakings. The aforementioned records encompass a range of papers such as invoices, receipts, financial statements, ledgers, tax documents, and other relevant materials. Maintaining accurate and comprehensive records is crucial to ensure responsibility within the field of accounting.