Ask Question
30 May, 17:32

Harold owns a chain of coffee shops. He hires accountants to summarize the information from his company's business transactions into a financial statement. For what reason Harold would use a financial statement?

+5
Answers (1)
  1. 30 May, 17:54
    0
    Answer: to aid in internal planning and control.

    Explanation: A Financial statement can be defined as a formal record of all relevant financial information of a business, person, or other entity presented in a structured and standardized manner to allow easy understanding.

    The financial statement will aid the business in drawing out business procedures and methods from information gotten such as cash flow, financial analysis etc.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Harold owns a chain of coffee shops. He hires accountants to summarize the information from his company's business transactions into a ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers