|
Abstract
|
Article Information:
Evaluation of the Accountings Systems Used by Small Scale Enterprises in Nigeria: The Case of Enugu- South East Nigeria
B.E. Okoli
Corresponding Author: B.E. Okoli
Submitted: 2011 March, 10
Accepted: 2011 August, 05
Published: 2011 November, 15 |
Abstract:
|
The study evaluated the accounting systems in use by small scale enterprises operating in Enugu,
South East of Nigeria. The study was necessitated due to high rate of small scale enterprises failure. The
population of the study consists of 242 accounting officers and proprietors of small scale enterprises operating
in Enugu. 148 respondents were selected through a simple random sampling technique. The instrument
employed for the study was a structured questionnaire. Four research questions and one null hypothesis tested
at 0.05 level of significance guided the study. Data were analyzed using mean and standard deviation and t-test.
Summary of the results revealed that seven accounting systems were available for use to small scale enterprises
operating in Enugu, significant number of small scale enterprises use the single entry system of accounting and
that keeping of proper accounting records enhances profitability. It was concluded that significant number of
small scale enterprises in Enugu use the single entry accounting system because of its simplicity and that there
was correlation between proper record keeping and profitability of small scale enterprises. It was recommended
among other things that the Ministry of Commerce and Industry should help the small business owners to avail
themselves the opportunity to use the accounting systems that are relevant for the day to day reporting of their
business transactions.
Key words: Accounting systems, enugu, evaluation, Nigeria, small scale enterprises, South East,
|
|
Abstract
|
PDF
|
HTML |
|
Cite this Reference:
B.E. Okoli, . Evaluation of the Accountings Systems Used by Small Scale Enterprises in Nigeria: The Case of Enugu- South East Nigeria. Asian Journal of Business Management, (4): 235-240.
|
|
|
|
 |
ISSN (Online): 2041-8752
ISSN (Print): 2041-8744 |
 |
| Information |
|
|
|
|
| Sales & Services |
|
|
|
|
