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