List at least two reasons for keeping records?

1. Legal compliance: Keeping records is often required by law for businesses and organizations to comply with regulations and tax laws. Failure to keep accurate records can result in penalties and legal consequences.

2. Decision-making: Records provide valuable information that can be used to make informed decisions. By analyzing past data and trends, organizations can identify areas for improvement, track progress towards goals, and make strategic decisions for the future.

1. Documentation: Records provide written evidence of transactions, events, and decisions made within an organization. This documentation is essential for maintaining an accurate history, ensuring compliance with regulations, and facilitating future audits.

2. Legal and Compliance: Keeping records is often mandated by laws and regulations, both at the local and national levels. These records can serve as proof of compliance with legal requirements, protect the organization from liability, and provide evidence in legal disputes.