Live Covid-19
United States 89,360,080
Cases: 89,360,080
Deaths: 1,042,678
Recovered: 84,916,391
Active: 3,401,011
India 43,471,282
Cases: 43,471,282
Deaths: 525,139
Recovered: 42,836,906
Active: 109,237
Brazil 32,358,451
Cases: 32,358,451
Deaths: 671,466
Recovered: 30,846,850
Active: 840,135
France 31,083,859
Cases: 31,083,859
Deaths: 149,533
Recovered: 29,620,989
Active: 1,313,337
Germany 28,293,960
Cases: 28,293,960
Deaths: 141,189
Recovered: 26,702,200
Active: 1,450,571
United Kingdom 22,720,345
Cases: 22,720,345
Deaths: 180,330
Recovered: 22,145,429
Active: 394,586
Italy 18,523,111
Cases: 18,523,111
Deaths: 168,353
Recovered: 17,469,969
Active: 884,789
Russia 18,430,239
Cases: 18,430,239
Deaths: 381,112
Recovered: 17,858,217
Active: 190,910
South Korea 18,368,857
Cases: 18,368,857
Deaths: 24,555
Recovered: 18,204,741
Active: 139,561
Turkey 15,123,331
Cases: 15,123,331
Deaths: 99,032
Recovered: 15,005,249
Active: 19,050
Spain 12,734,038
Cases: 12,734,038
Deaths: 107,906
Recovered: 12,218,358
Active: 407,774
Vietnam 10,746,470
Cases: 10,746,470
Deaths: 43,087
Recovered: 9,681,318
Active: 1,022,065
Argentina 9,367,172
Cases: 9,367,172
Deaths: 129,070
Recovered: 9,163,334
Active: 74,768
Japan 9,329,520
Cases: 9,329,520
Deaths: 31,281
Recovered: 9,135,363
Active: 162,876
Netherlands 8,184,179
Cases: 8,184,179
Deaths: 22,378
Recovered: 8,063,483
Active: 98,318
Australia 8,162,153
Cases: 8,162,153
Deaths: 9,930
Recovered: 7,905,095
Active: 247,128
Iran 7,238,126
Cases: 7,238,126
Deaths: 141,389
Recovered: 7,062,657
Active: 34,080
Colombia 6,175,181
Cases: 6,175,181
Deaths: 140,070
Recovered: 5,984,546
Active: 50,565
Indonesia 6,088,460
Cases: 6,088,460
Deaths: 156,737
Recovered: 5,914,933
Active: 16,790
Mexico 6,034,602
Cases: 6,034,602
Deaths: 325,716
Recovered: 5,192,957
Active: 515,929
Poland 6,014,992
Cases: 6,014,992
Deaths: 116,424
Recovered: 5,335,665
Active: 562,903
Portugal 5,171,236
Cases: 5,171,236
Deaths: 24,149
Recovered: 4,745,321
Active: 401,766
Ukraine 5,017,038
Cases: 5,017,038
Deaths: 108,638
Recovered: 4,906,519
Active: 1,881
North Korea 4,744,430
Cases: 4,744,430
Deaths: 73
Recovered: 4,736,220
Active: 8,137
Malaysia 4,566,055
Cases: 4,566,055
Deaths: 35,765
Recovered: 4,500,856
Active: 29,434
Thailand 4,525,269
Cases: 4,525,269
Deaths: 30,667
Recovered: 4,470,490
Active: 24,112
Austria 4,428,459
Cases: 4,428,459
Deaths: 18,787
Recovered: 4,308,472
Active: 101,200
Israel 4,344,800
Cases: 4,344,800
Deaths: 10,958
Recovered: 4,259,884
Active: 73,958
Belgium 4,225,222
Cases: 4,225,222
Deaths: 31,903
Recovered: 4,122,858
Active: 70,461
South Africa 3,993,843
Cases: 3,993,843
Deaths: 101,793
Recovered: 3,880,462
Active: 11,588

Effect of Accounting Records on the Development of Small Business Start-Up in Ebonyi State

Effect of Accounting Records on the Development of Small Business Start-Up in Ebonyi State

ABSTRACT

The study was to evaluate the effect of accounting records on the development of small business start-up in Ebonyi State. The specific objectives were to: examine the effect of recording monetary transaction in small business in Ebonyi State; evaluate the effect of checks and invoices in small business start-ups in Ebonyi State and investigate the effect of recording assets and liabilities in small business in Ebonyi State. The research focused on small company start-ups and development in Ebonyi State, Nigeria, with participants drawn from livestock farmers, business centers, block industries, pure water producers, event planners, and other market groups. The survey method was utilized in the research. Personal interviews and questionnaire administration were the key sources. A total of 6,455 small company start-ups were used in the study. A stratified sampling strategy was used to choose the study’s population from the groups under investigation. Using Freund and William’s statistic formula, find the appropriate sample size of 363. 348 employees completed the questionnaire completely and properly. This resulted in a 96 percent response rate. Content analysis was used to assess the instrument’s validity, and the results were positive. The Pearson correlation coefficient was used to assess the dependability (r). It resulted in a reliability co-efficient of 0.83, which was likewise satisfactory. The data was presented and analyzed using the Sprint Likert Scale’s mean score (3.0 and above agreed, while below 3.0 disagreed) and standard deviation. The Z-test-statistics tool was used to examine the hypotheses. The results showed that documenting monetary transactions had a beneficial impact on small businesses in Ebonyi State, with a Z (95, n = 348) =5.215, p 0.05. Checks and invoices had a good impact on small company start-ups in Ebonyi State, Z (95, n = 348) =4.096, p 0.05, and recording assets and liabilities has a favorable impact on small businesses in Ebonyi State, Z (95, n = 348) =5.983, p 0.05. The study found that documenting monetary transactions, checks and invoices, as well as tracking assets and liabilities, had a favorable impact on small company start-up and development in Ebonyi. According to the survey, small company owners should be encouraged to hire qualified employees, particularly accountants. The output of these trained accountants will assist small businesses in staying afloat rather than floundering.

Keywords: Accounting Records, Development, Small Business, Start-up

Authorship
Ukwueze, Nnaemeka Thaddeus 1, Eke, Celestine Chinwe2, Chidiebere, Nnamani PhD.3
| Full PDF

Categories: