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Are you a Sole-proprietor?

11/5/2014

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Do you know as a sole-proprietor/self-employed person, you are required to keep proper records and accounts of your business transactions. This is so that your income earned and business expenses claimed can be readily determined. You must be able to support your records and accounts with invoices, receipts, vouchers and other supporting documents. Estimates and improper records are not acceptable.




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