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Imagine that you are operating the small business. Which of the three basic accounting statements do you feel would the most important in your day-to-day
Imagine that you are operating the small business.
Which of the three basic accounting statements do you feel would the most important in your day-to-day operations?
- Profit and Loss Statement
- Balance sheet
- Statement of cash flows
- Why do you feel this accounting statement is the most important?
List some additional advantages and disadvantages to the accounting statements.
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