It is used for future reference
Acts as an evidence and reminds the debtors of the debts
It can be used as a business security when borrowing money
Can be used to pursue the debtors in case their is settlement refusal.
Wincate 1 answered the question on September 19, 2017 at 15:28
- Highlight four factors that may contribute towards the growth of business in the
country.(Solved)
Highlight four factors that may contribute towards the growth of business in the
country.
Date posted: September 19, 2017. Answers (1)
- State four factors that determine the period for which documents should be stored.(Solved)
State four factors that determine the period for which documents should be stored.
Date posted: September 19, 2017. Answers (1)
- List four qualities of an office messenger.(Solved)
List four qualities of an office messenger.
Date posted: September 19, 2017. Answers (1)
- Match each equipment with its appropriate function (a)Telex (b)Telephone (c)Fax Machines (d)Pager(Solved)
Match each equipment with its appropriate function
a)Telex
b)Telephone
c)Fax Machines
d)Pager
Date posted: September 19, 2017. Answers (1)
- Outline four duties of an office manager.(Solved)
Outline four duties of an office manager.
Date posted: September 19, 2017. Answers (1)
- State three reasons why office documents should be filed.(Solved)
State three reasons why office documents should be filed.
Date posted: September 19, 2017. Answers (1)
- Explain five ways in which large scale organization are able to reduce their costs of production(Solved)
Explain five ways in which large scale organization are able to reduce their costs of production
Date posted: September 19, 2017. Answers (1)
- List four functions of entrepreneurs as a factor of production.
(Solved)
List four functions of entrepreneurs as a factor of production.
Date posted: September 19, 2017. Answers (1)
- Outline three characteristics of direct production.(Solved)
Outline three characteristics of direct production.
Date posted: September 19, 2017. Answers (1)
- Name the factor that each of the following resources relate to (a) Manager (b) Vehicle (c) Cotton (d) Water (e) Owner(Solved)
Name the factor that each of the following resources relate to
a) Manager
b) Vehicle
c) Cotton
d) Water
e) Owner
Date posted: September 19, 2017. Answers (1)
- State the meaning of the following terms (i) Consumer goods (ii) Producer goods(Solved)
State the meaning of the following terms,
(i) Consumer goods
(ii) Producer goods
Date posted: September 19, 2017. Answers (1)
- Name four commercial services that are useful to the manufacturer.(Solved)
Name four commercial services that are useful to the manufacturer.
Date posted: September 19, 2017. Answers (1)
- Outline four reasons why production in the subsistence sector is usually low.(Solved)
Outline four reasons why production in the subsistence sector is usually low.
Date posted: September 19, 2017. Answers (1)
- Classify each of the following production activities as either primary or tertiary. (a) Digging clay soil (b) Constructing a bridge (c) Selling in shop (d) Making tea (e) Transporting medicine(Solved)
Classify each of the following production activities as either primary or tertiary
a) Digging clay soil
b) Constructing a bridge
c) Selling in shop
d) Making tea
e) Transporting medicine
f) Growing vegetables
Date posted: September 19, 2017. Answers (1)
- Outline four ways in which commerce satisfies human wants(Solved)
Outline four ways in which commerce satisfies human wants
Date posted: September 19, 2017. Answers (1)
- State whether each of the following activities would satisfy basic or secondary needs. (a) Buying clothes for the family (b) Transporting farm produce (c) Providing food for school...(Solved)
State whether each of the following activities would satisfy basic or secondary needs.
a) Buying clothes for the family
b) Transporting farm produce
c) Providing food for school children
d) Entertaining a guest
Date posted: September 19, 2017. Answers (1)
- State four reasons why a government may decide to control the exploitation of its natural resources.(Solved)
State four reasons why a government may decide to control the exploitation of its natural resources.
Date posted: September 19, 2017. Answers (1)
- Highlight four disadvantages of mining as an economic activity(Solved)
Highlight four disadvantages of mining as an economic activity
Date posted: September 19, 2017. Answers (1)
- Differentiate between a proforma invoice and commercial invoice?(Solved)
Differentiate between a proforma invoice and commercial invoice?
Date posted: September 15, 2017. Answers (1)
- Outline three characteristics of basic human wants(Solved)
Outline three characteristics of basic human wants
Date posted: September 13, 2017. Answers (1)