Managing Business Finances, writing homework help

Answer the following questions. Submit in the text box below or submit as a word document.

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  1. What is the purpose of the financial plan?
  2. What does an effective financial plan do?
  3. Why do business owners use a budget?
  4. How does accounting help a business?
  5. Discuss property ownership and control. How are they related to the accounting equation?
  6. What are the three main financial statements used in business?
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