This descriptive-correlational study determined the accounting and recording practices of indigenous entrepreneurs in Marilog District, Davao City, Philippines. The data gathered were analyzed and interpreted using graphs and descriptive statistics such as frequency counts, percentages and mean; and inferential statistics, the Analysis of Variance (ANOVA) and t-test. Te research findings are based on a survey of the accounting system and recording practices of sixty (60) indigenous entrepreneurs in the district. The study revealed that most of the respondents fall within the age range of 45 years old and above, female, married, of high school education, from various ethnicity, provided their financing, with less than one year in business operations and have not attended any seminars and training related to record keeping. Te results of the analysis established that the accounting system and recording practices in terms of income, expenditures, collectibles, and payables were moderately adopted by the Indigenous Entrepreneurs in the district. Indigenous entrepreneurs do not use the underlying accounting books of accounts in recording their business transactions. Te majority of them do not keep records on their collectibles and used notebooks as their main materials for recording income, expenditures, and payables. Results further disclosed that there is a significant difference in the level of adoption of recording income and payables when entrepreneurs are grouped according to age, sex, and source of fnancing. Indigenous entrepreneurs with ages 24 years old and below and female are more aggressive in recording income than those in higher age bracket and male entrepreneurs. On the other hand, those entrepreneurs who sourced their fnancing from loan to have a better level of adoption to recording practices compared to those who provided their own financing.
ISSN 2244-1506 (Online)
ISSN 2244-1492 (Print)
Philippine E-Journals
