Ask Question
BusinessBusiness
3 September, 05:57

Explain the major advantages and disadvantages of a business owner with minimal accounting experience maintaining the company's books instead of hiring an accountant.

+2
Answers (1)
  1. 3 September, 06:12
    0
    One advantage is that the business owner does not have to pay for an employee, another is that eventually the business owner will learn how to be an accountant, which is a necessary skill for some jobs.

    There are many disadvantages of doing it yourself, depending on what kind of business it is, you will have more things to put into the company's books and if you don't know how to properly it make take you more time then necessary.

    Hope you have a nice day!
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Explain the major advantages and disadvantages of a business owner with minimal accounting experience maintaining the company's books ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What is true of the product combination that satisfies allocative efficiency? Select all that apply: a. It is the combination of products that society most desires. b. It is one of many combinations of products that use all available resources. c.
Answers (1)
Andrew started saving at the beginning of the year and had saved $240 by the end of the year. He continued to save and by the end of 2 years had saved a total of $540.
Answers (1)
Using the weighted average method, you are provided the following information: Beginning WIP 500 needing 50% yet to complete Units started and completed and moved to the next process - 1000 units Ending WIP of 500 units that are 50% complete.
Answers (1)
You get a part-time job through an employment service. The service charges you ten percent of your first week's pay as payment for getting you the job. Tax or no tax?
Answers (2)
Which of the following contributing costs should be included when calculating the total cost of purchasing a car? A. home insurance B. interest payments C. credit card balance D. auto repairs
Answers (1)
New Questions in Business
Direct comments taken from another author do not have to be paraphrased
Answers (1)
No Child Left Behind legislation is the current reauthorization of the Elementary and Secondary Education Act of 1965. True False
Answers (2)
Harry's Hotdogs is a small street vendor business owned by Harry Huggins. Harry is trying to get a better understanding of his costs by categorizing them as fixed or variable.
Answers (1)
A registered representative opens a new account for a customer by telephone and receives an order to sell 300 shares of ABC at the market.
Answers (1)
Brian brewster sold property to a buyer who paid him $400,000 cash and assumed an existing mortgage of $150,000
Answers (1)
Home » Business » Explain the major advantages and disadvantages of a business owner with minimal accounting experience maintaining the company's books instead of hiring an accountant.
Sign Up Forgot Password?