Problem Faced by Micro and Small Enterprises in Record Keeping and Their Attitude towards Record Keeping Practices

Abstract

An attitude is a positive, negative or mixed estimation of an object that is stated at some level of intensity. Attitude not only have an impact on our day to day life but also have a big impact on the business too. Because it is the attitude of the business man which will have influence on every steps of the business related decision. It may related to record keeping practice or the non- record keeping related matters like raw materials procurement, modernisation of the business unit, installation of a new technology into the business, marketing procedure, human resource management etc. So, if the attitudes of a business man is negative towards record keeping then the record keeping practice of his/ her business unit will be hampered a lot, but if the attitude of the business man is positive then the intensity to have a good recordkeeping system is high in his/her business unit. This study mainly focussing on the attitude of the operators of Micro and Small Enterprise (MSEs) towards record keeping which is identified as a major factor in performance of MSEs. The study also try to identify problem faced by MSEs operators in recordkeeping in their business unit in the study area i.e. Karimganj District of Assam. So as to achieve the objectives of the study data has been collected from 268 MSEs operators through scheduled selected through random sampling methods. Descriptive statistics as well as factor analysis have been used to attained the objectives of the study. The study identified favourable attitude of the respondents towards recordkeeping. Time consuming and Lack of Recordkeeping Knowledge of the Owner are identified as main problem faced by the MSEs operators in the study area. So the study suggested to give proper training on recordkeeping process to the MSEs operators so that they can implement it into their business for better result.