Effect of Accounting Records on the Development of Small Business Start-Up in Ebonyi State

The study was to evaluate the effect of accounting records on the development of small business start-up in Ebonyi State. The specific objectives were to: examine the effect of recording monetary transaction in small business in Ebonyi State; evaluate the effect of checks and invoices in small business start-ups in Ebonyi State and investigate the effect of recording assets and liabilities in small business in Ebonyi State. The research focused on small company start-ups and development in Ebonyi State, Nigeria, with participants drawn from livestock farmers, business centers, block industries, pure water producers, event planners, and other market groups. The survey method was utilized in the research. Personal interviews and questionnaire administration were the key sources. A total of 6,455 small company start-ups were used in the study. A stratified sampling strategy was used to choose the study's population from the groups under investigation. Using Freund and William's statistic formula, find the appropriate sample size of 363. 348 employees completed the questionnaire completely and properly. This resulted in a 96 percent response rate. Content analysis was used to assess the instrument's validity, and the results were positive. The Pearson correlation coefficient was used to assess the dependability (r). It resulted in a reliability co-efficient of 0.83, which was likewise satisfactory. The data was presented and analyzed using the Sprint Likert Scale's mean score (3.0 and above agreed, while below 3.0 disagreed) and standard deviation. The Z-test-statistics tool was used to examine the hypotheses. The results showed that documenting monetary transactions had a beneficial impact on small businesses in Ebonyi State, with a Z (95, n = 348) =5.215, p 0.05. Checks and invoices had a good impact on small company start-ups in Ebonyi State, Z (95, n = 348) =4.096, p 0.05, and recording assets and liabilities has a favorable impact on small businesses in Ebonyi State, Z (95, n = 348) =5.983, p 0.05. The study found that documenting monetary transactions, checks and invoices, as well as tracking assets and liabilities, had a favorable impact on small company start-up and development in Ebonyi. According to the survey, small company owners should be encouraged to hire qualified employees, particularly accountants. The output of these trained accountants will assist small businesses in staying afloat rather than floundering.