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Preparing of balance sheet helps in decision making as most companies including financial institution likes to know how they run the business within a year
added by 1001277811 121 days ago 1    0

Advantages of preparing a balance sheet.
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Helps in planning and descision making.
Helps during tax assessment on the farm.
Helps the farmer to acquire loans in case he has a net capital.
Helps the farmer to assess the value of his farm in case he wants to sell it.
Reminds the farmer of his debts in order to pay them.
Show the farmer's possessions and assets.

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