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Answer:
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2. The word recordkeeping goes back to at least the 1820s. It was originally spelled with a space (record keeping) and is also often spelled with a hyphen (record-keeping). Recordkeeping is a compound word, meaning it is made by combining two separate words without making any changes to them.
3.A payroll is the list of employees of some company that is entitled to receive payments as well as other work benefits and the amounts that each should receive.
4.It allows you to efficiently manage your business cash flow and obtain the best prices from suppliers as well as the best interest rates from your lenders. The first items your lenders will ask for are updated financial statements and recent tax returns.
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6.Better management of a farm
In the case of livestock, the farm should keep records of bloodlines, pests, disease, feed types and consumption. These records help to prevent inbreeding, control pests and disease and provide the bets feed for optimum performance.