THE RELEVANCE OF ACCOUNTING IN INALL SCALE BUSINESS (A STUDY OF MARIS SUPERMARKET)

ABSTRACT In Nigeria today, most of the small scale business enterprises have been experiencing deficiency and lack of profit as a result of the negligence of accounting in their business. Most management of small scale business enterprises in Nigeria have taken for granted the relevance of accounting in their business with the presumption that they can oversee the financial aspect of their business without the applicaMonfifWTcfimting principles. It is this background that this research work will investigate on the relevance of accounting in small 'scale business enterprises. For the sake of precision and distinctiveness, Mans Supermarket. Owerri Imo State have been chosen as a case study through the findings of this research work can vividly and validly be applied to all small scale business enterprises in Nigeria. In the hid to realizffie main objectives of this research work, questionnaires were distributed retrieved and analyzed using simple percentage. Chi square statistical tool was carried out in the testing of the f hypothesis. The researcher hypothesized that there is significant relationship between accounting and small scale business enterprises profitability and productivity., Thus ', the researcher recommends that management of small scale business should take accounting principles serious in order to maximize profit and minimize risk and loss.