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Why Financial Statements?

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