As the owner of a business you should receive financial statements regularly so that you could monitor:
Question:
As the owner of a business you should receive financial statements regularly so that you could monitor:
(i) Profitability – whether the business earns sufficient return on your investment.
(ii) Liquidity – whether the business is able to pay its bills as they fall due
(iii) Whether you have become richer than your neighbour
(iv) Whether business resources are not stolen or wrongly used
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Step by Step Answer:
a i Profitability whether the business earns ...View the full answer
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Related Book For 
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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