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What is the accounting equation and discuss how it impacts on the operations of a business?                                                                                                                                                       2. Why is liquidity critical for a business and how might this affect decision making?                                   3. Why is investment appraisal important to a business? Use examples to support your reasons.                        4. What is meant by relevant costs and critically explain their role in decision making.                                             5.  Discuss the benefits of the information contained in the Income Statement/Profit and Loss Account.

What is the accounting equation and discuss how it impacts on the operations of a business?                                                                                                                                                       2. Why is liquidity critical for a business and how might this affect decision making?                                   3. Why is investment appraisal important to a business? Use examples to support your reasons.                        4. What is meant by relevant costs and critically explain their role in decision making.                                             5.  Discuss the benefits of the information contained in the Income Statement/Profit and Loss Account.

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter1: Accounting As A Tool For Managers
Section: Chapter Questions
Problem 3EB: Companies need to report both monetary and nonmonetary data and information. A. Define these two...
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  1. What is the accounting equation and discuss how it impacts on the operations of a business?                                                                                                                                                 

     2. Why is liquidity critical for a business and how might this affect decision making?                             

     3. Why is investment appraisal important to a business? Use examples to support your reasons.                   

    4. What is meant by relevant costs and critically explain their role in decision making.                                       

     5.  Discuss the benefits of the information contained in the Income Statement/Profit and Loss Account.             

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