Register
What negative consequences might a company face if it fails to keep accurate financial records?
39.4k views
3 votes
What negative consequences might a company face if it fails to keep accurate financial records?

User Chris Vosnidis
by
4.0k points

1 Answer

2 votes

Answer:

they can be audited

Step-by-step explanation:

the government will step and and demand a record of all their revenue that they have not sent in and if their records doesn't match the records of the government they can be forced to shut down.

User General Electric
by
4.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

4.7m questions

6.1m answers

Other Questions

Which of the following should be considered last when searching for financing? Family members Banks Commercial finance companies Credit cards I'm guessing it's C but idk
edna kropp's gross income for a year included salary, $12,400; commission, $27,750; intrerest, $440. Her adjustment to income were payment to a retirement plan, $2,000, and a penalty for withdrawing savings
Your assessment tool contains rich data about child progress in language and literacy but no details to explain the differences between children. You decide to: A. Replace the tool with another B. Analyze
You want to endow a scholarship that will pay $ 7 comma 000$7,000 per year​ forever, starting one year from now. if the​ school's endowment discount rate is 6 %6%​, what amount must you donate to endow
When goods are produced at the lowest possible cost, an economy is said to have achieved:?
Link Copied!