Hello

Why is it necessary for organisations to collect, file and maintain accurate financial records?

Why would a sole proprietor/ partnership need to prepare a budget, and what type of budget would be needed?

A large enterprise has just gained a major contract, which will generate additional income over a two year period, but will also require extra resources. At the same time, however, they are planning to expand into website sales. What type of budget/s would they need to prepare, and why? What methods could they use to fund the website expansion? (120-150 words)

When setting budgets it is a good idea to make contingency plans. What are contingency plans and why are they necessary?