Journal of Commerce and Management Thought
  • Year: 2020
  • Volume: 11
  • Issue: 4

Accounting practices of small and medium enterprises

1Research Scholar, Department of Management, Jawaharlal Nehru Technological University, Anantapur, Ananthapuramu, Andhra Pradesh

2Associate Professor, Dept. Of Management Studies, Sri Venkateswara College of Engineering and Technology, Chittoor, Andhra Pradesh

3Associate Professor, Dept. Of Management, Jawaharlal Nehru Technological University, Anantapur, Ananthapuramu, Andhra Pradesh

*Email Id: yadavallisrinivasarao@gmail.com

Online published on 14 December, 2020.

Abstract

Small and Medium Enterprises (SMEs) play a critical part in numerous countries, including India, on account of its job for the nation's economic development. The study mainly focused on the degree of cognizance towards the Significance of Accounting Record-Keeping Practices and Its use of data in the business. The exploration configuration depends on an overview approach utilizing an example of methodically chose SMEs in Ongole city, Andhra Pradesh. The object populace was 57 SMEs operating manufacturing companies and suppliers of different services units. It was presumed that most SMEs have full bookkeeping records. As a result, there's associate degree efficient use of accounting info to support financial performance measures by SMEs. The investigation likewise demonstrated that SME proprietors and managers were quick to become familiar with how to keep precise records of their business exchanges.

Keywords

Accounting Practices, Accounting Information, Record Keeping, Small and Medium Enterprises (SMEs)