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Why Financial Statements?
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The entrepreneur can make important decisions by informations from the Financial statements
YES
Only accountant should know/understand the financial statements of the company
No
If revenues < than costs, you have generated a..
Loss
If revenues > than costs, you have generated a ...
Profit
Which statement shows if the farm is profitable or not?
Profit&Loss Statement
How much of the total belongs to my company is called ...
Equity
Where does the money comes from is shown in ...
Liabilities
What do I use money for, is called...
Assets
What information shows the balance sheet
assets and liabilities
The statement that shows where the money come from?
balance sheet
what is the name of the cash flows in your farm from sold goods?
income
how you call the purchase of seeds, fertilises, other expenses?
outflow
which statement indicates the payment capacity of business
cash flow
Name the statement that shows if the business is liquid or not in given time
cash flow
Why we prepare financial statements
To evaluate the business performance / Do we make profit or loss


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