This study investigated the proposed that favour this proper and adequate financial record keeping in the success of small scale business. also discussed is a documentation of the research findings carried out among merchandizing oriented small business with the aim of charging the assertion among our small business proprietors that there is no relationship between sound accounting practices and profitability in business. 
    In began with under surveying the effects and cause of inadequate or complete lack of proper financial record among our small scale business proprietors. It also underlined the benefit of good financial record keeping. Discussed also is the extent to which simple companies maintained proper and adequate financial records. 
    Lastly, a relationship was established between proper and adequate financial records and success of small business. 
    Recommendation outlined a system of financial records for merchandizing oriented small scale businesses. 
 

TABLE OF CONTENTS 
Title Page                                     II
Approval page                                 III
Dedication                                     IV
Acknowledgement                             V
Abstract                                     VI    
Table of content 

CHAPTER ONE 
1.0    Introduction                             1
1.1    Historical development of book-keeping             2
1.2    Statement of problems                         3
1.3    Objective of the study                         4
1.4    Significance of the study                         5
1.6    Definition of terms                         23

CHAPTER TWO 
2.0    The review of related literature                  26
2.1    Concept of small scale business                 26
2.2    Constituents of proper and adequate financial record keeping in business. 27
2.3    Benefit of proper and adequate financial record keeping business 30
2.4    Causes of inadequate record keeping in small scale business.33 
2.5    The task of designing financial record keeping system.     36
2.6    Measurement of success in small business.             40
2.7    Small business and auditing                     43

CHAPTER THREE 
3.0    Research design and methodology                 47
3.1    Method and procedures                         47
3.2    Sources of data                             48
3.3    Research instrument                         48
3.4    method of data analysis                         49
3.5    Data analysis of techniques.                     49

CHAPTER FOUR 
4.0    Data presentation and analysis                     50

CHAPTER FIVE 
5.0    Summary of findings, recommendation and conclusion 
5.1    Summary of findings                         67
5.2    Recommendations.                         68
5.3    Conclusion                                 75
5.4    Limitation of study                         75
BIBLIOGRAPHY