[ Accounting ] Why are financial statements important to a sole proprietorship? How important is it to be able to read and understand financial reports?

Question

[ Accounting ]  Why are financial statements important to a sole proprietorship? How important is it to be able to read and understand financial reports?

Tbone · Answer

f
2nd anwser is simple, if you canot read and understan the financial reports, you could be paying for something you've had not intentionally signed up to pay for..

DeadOfWinter · Answer

GAHGAHWGSBX

DeadOfWinter · Answer

Wait what?

TheTiredCat · Answer

@tbone wrote:

f 2nd anwser is simple, if you canot read and understan the financial reports, you could be paying for something you've had not intentionally signed up to pay for..

tyty!! i wasn't here last time i had accounting so i literally didn't get to learn ANY of this stuff--she just gave me a worksheet with the answers filled in and called it a day T-T" so this helps a lot--tyty

Tbone · Answer

awe that does suck, but youre welcome