In order to determine organizations earnings/ sales total receipt
for a
given period of time
-To determine all expenses/ payments
-To determine the balance between the receipt and payment and
discover if there is balance surplus or deficit in a budget
- Determine ways of getting extra income if there is a deficit in the
budget
-Enable the organization to have a forward looking approach
-Create staff motivation/ coordination if all are involved
-It is required by lenders of finance/ conditions e.t.c
Wincate 1 answered the question on September 21, 2017 at 14:08
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