Philippine E-Journals

Accounting Literacy and Sustainability Among Sari-Sari Stores: Basis on Intervention Program

GEROM C. SAMSON | JERELYN V. TAGHOY | ERICA LYN VERANIO | MAREBEC DE LIMA

 

Abstract:

Accounting plays an important role in business decision-making transactions. This study looks at all the problems faced by the sari-sari store and the need for proper bookkeeping and basic accounting procedure in the sari-sari store. Primary data were obtained from the respondents through questionnaires, and secondary data was obtained from textbooks, the internet, and journals.The total sample comprised 108 respondents from different barangays of the municipality of Nasipit, Agusan del Norte. The study found that most of the sari-sari store entrepreneurs in Nasipit, Agusan del Norte have nothing to do with accounting practices because sari-sari store entrepreneurs do not practice recording their accounts. The researchers recommended that the owner be educated to keep away their transactions from their business entities. The local government should be toughened and resourced to solve these numerous problems of the sari-sari store. The study identified the perception of accounting literacy on the profitability of the sari-sari store and its challenges. It came out with ways and means which will substantiate and sustain the growth of the sari-sari store.