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    Use of accounting information

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    I need a 2nd opinions on these questions and how would you explain this if a friend ask you how will you use accounting information in:

    a. your personal life.

    b. the business of your friend, who plan to be a farmer.

    c. the business like of another friend, who plan an career in sales.

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    Solution Preview

    In personal life, general accounting information has significant importance with respect to prepare monthly and yearly household budgets, plans with respects and investments for future security, etc. Accounting information with respect to cash flows allows an individuals to meet his short term obligations with respect to recurring household ...

    Solution Summary

    Use of accounting information