Task 8 – Record keeping

Karl has asked you about the record keeping requirements for the business.

a) Explain why it would be important in a business to keep records for the calculations you may make.

b) Explain some of the record keeping methods that are available to the business? 

c) Karl is considering allowing credit to customers who purchase coffee machines from the business. Research the internet and find a sample Credit Application Form which customers could complete when applying for credit.