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Why is it important to develop a system to maintain and keep personal and financial records up to date? How can you organize such a

Why is it important to develop a system to maintain and keep personal and financial records up to date?

How can you organize such a system for yourself, to keep your personal and financial accounting records?

Notes: Please explain the following question thoroughly with examples if necessary or cases to emphasize the importance., with proof and examples once again. Would like sources if necessary.

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