EFFECTS OF BOOKKEEPING PRACTICES ON PERFORMANCE OF SMALL AND MEDIUM SCALE ENTERPRISES IN BAUCHI STATE NIGERIA

Abstract

This study examined the effect of bookkeeping practices on performance of small and medium enterprises in Bauchi
state. The study had two specific objectives, two research questions which were meant to guide the study and two
null hypotheses which were tested at 0.05 level of significant. The study adopted a survey research design which is
purely quantitative, using structured questionnaires which were administered to 400 randomly selected
owners/managers of small-scale businesses in Bauchi state. Data collected was analyzed using multiple regression.
The findings of the study revealed that proper accounting records and accounting records procedures have
significant effect on performance of small and medium enterprises in Bauchi state, Nigeria. By implication, high
mortality rate of SMEs in Bauchi state can be minimized and boosted the contribution of SMEs in the state to
employment through proper bookkeeping practices. This study therefore, recommend that The Bauchi state
government through the appropriate regulatory agency such as small and medium enterprises development agency
of Nigeria (SMEDAN) should organize a seminars and workshop on regular basis to registered small-scale
businesses operating in Bauchi state on proper accounting records and accounting records procedures of their
businesses.