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The purpose of accounting is to provide financial information about a business to individuals and organizations. True False
The purpose of accounting is to provide financial information about a business to individuals and organizations, statement is True.
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Asked 2/1/2014 9:26:33 AM
Updated 2/4/2014 8:27:01 PM
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The purpose of accounting is to provide financial information about a business to individuals and organizations, statement is True.

Added 2/4/2014 8:27:01 PM
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Asset accounts normally have debit balances. True False
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Updated 2/1/2014 10:11:04 AM
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True. Asset accounts normally have debit balances.
Added 2/1/2014 10:11:04 AM
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The trial balance is used in preparing financial statements. True False
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Not Answered
Updated 2/4/2014 8:19:54 PM
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The trial balance is used in preparing financial statements, the statement is True.

Added 2/4/2014 8:19:54 PM
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The financial statement that shows the state of the firm's assets, liabilities, and owner's equity on a specific date is called a(n)? balance sheet. statement of operations. statement of owner's equity. income statement.
Weegy: The financial statement that shows the state of the firm's assets, liabilities, and owner's equity on a specific date is called: BALANCE SHEET. (More)
Question
Updated 2/1/2014 9:58:15 AM
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Asset accounts normally have debit balances. True False
Weegy: Asset accounts normally have debit balances. True. (More)
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Updated 2/1/2014 7:20:34 PM
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List and describe in detail the major sections that should be included in a business plan. Provide examples of the information that might be found in each of the sections.
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Updated 2/11/2014 7:21:37 PM
1 Answer/Comment
The major sections of a business plan is listed below:
1. Executive Summary - contains an overview of the what the business plan is all about. It normally contains a summary of the important details of the business plan.

2. Description of the Company/ Business - contains an overview of the nature of the business, the products or services it offers, summary of the company goals and the summary of company's growth.

3. Product/ Services - contains information about the product or services that you offer, the benefits that you or the customer will get. You must also include the cost of the product that you sell.

4. Market Study and Analysis - contains information about your place in the industry, competitor's analysis, a forecast and description of targeted customer segments, including size and demographics of the groups (it must be specific on who you will target)

5. Strategy and Implementation contains a summary your sales and marketing strategy and your operating plan.

6. Organization and management team

7.Financial plan and projections - contains revenue projection of at least 5 years that include cash flow, balance sheet, income statement, capital budgeting and financial data analysis that will show that the proposal is feasible.


Added 2/11/2014 7:21:37 PM
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