Counting Records And Performance Of Small Scale Business Units: A Case Study Of Lira Main Market

ABSTRACT

The study was about the effect of accounting record keeping and performance of small

scale business units in lira main market basing on the following objectives; to find out

whether traders in lira main market keep accounting records, to find out performance

level of small scale business units in lira main market and to establish the relationship

between accounting record keeping and performance of small scale business units lira

main market.

The study design comprised of a combination of both descriptive and cross sectional

research designs and both qualitative and quantitative data were employed. Stratified

sampling was used to determine the sample size. A sample size of 136 computed by a

formula for krejcie and Morgan 1970 was considered primary data was collected by the

use of questionnaires which sfocused on the research questions. Secondary data was

got from journal reports and internet which are in relation to the study objectives. Data

entered into excel was presented by the use of frequency tables. Data analyzed by

statistical packages for social scientists (SPSS) was presented in form of Pearson

correlation coefficience table which showed the strength of relationship between

accounting record keeping and performance of small scale business units.

Findings on effectiveness of accounting record keeping in small scale business units

showed that accounting record keeping enhances business decision making and

adjustment accounting record play a role in reduction of operating costs, improves

efficiency and productively.

Recommendation on the accounting record keeping in small scale business units,

operators of small scale business units need to ensure that complete and accurate

business records are kept to enhance business decision making and improve efficiency

and productivity.