Explain Why Do Businesses Prepare Financial Statements?

1.	Explain Why Do Businesses Prepare Financial Statements?
Answer» Basically to know the two FACTS about the business the FINANCIAL statements are prepared: Financial position of the business at any given point of time in financial terms. Result of operations CARRIED out by the business organization during specific PERIOD. Basically to know the two facts about the business the financial statements are prepared:

Answer»

Basically to know the two FACTS about the business the FINANCIAL statements are prepared:

Financial position of the business at any given point of time in financial terms.
Result of operations CARRIED out by the business organization during specific PERIOD.

Basically to know the two facts about the business the financial statements are prepared:

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