What are two questions that an owner might be able to answer by looking at accounting information?
What are two questions that an owner might be able to answer by looking at accounting information?
PLEASE HELP ACCOUNTING QUESTION
Answers:
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LongIslandRaceFan: Only two? There are hundreds of answers. Some examples: How much did my business earn or lose this year. How did the business do this year compared to last year. How much did I spend on rent, office supplies, salaries. Was it more or less than last year. What were the revenues from selling goods? From providing services? How much cash do I have on the bank? How much do people owe to me? How much do I owe out? I can go on and on but I think you get the picture.
2009-09-27 18:50:35
LongIslandRaceFan: Only two? There are hundreds of answers. Some examples: How much did my business earn or lose this year. How did the business do this year compared to last year. How much did I spend on rent, office supplies, salaries. Was it more or less than last year. What were the revenues from selling goods? From providing services? How much cash do I have on the bank? How much do people owe to me? How much do I owe out? I can go on and on but I think you get the picture.
2009-09-27 18:50:35