Try to answer the following questions and see if you have managed to learn something, if not read the case study and then take the reflection quiz. Required.
1. What is financial management? 2. Differentiate income statement from balance sheet. 3. State 3 purpose of balance sheet. 4. Differentiate the use of statement of owner’s equity from cash in flow/out flow statement 5. How would you know if you have made profit or loss in your business?
