Post by Izuchukwu (@izupaul500)

A trader had been running his business for years, and sales were increasing. From the outside, everything looked successful.

But when he tried to apply for a loan to expand the business, the bank asked for basic financial records.

That was when the problem appeared.

He could not clearly show his income, expenses, or actual profit, because the business had never kept proper records.

The business was growing, but its financial structure was weak.

0 likes · 0 comments · 0 shares