zackmcnelly659
Answered

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What negative consequences might a company face if it fails to keep accurate financial records?

Sagot :

A negative consequences you may face is paying more taxes than what’s called for
simone909
1. Paying less or more taxes, which could cause legal issues.

2. Keeping accurate financial records allows a company to keep track of profits and losses, so they are aware of what is selling best (supply and demand). If this is not done, they may be spending more than they are making.

3. Companies may not stay within budget.

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