Homework Answers
As the responsibility of the preparation of financial statements is taken by the accountant or firm, then the owner has the authorization to-
1. Prepare further future plans and blueprint.
2. Ensure proper division of work among the departments.
3. Ensure proper utilisation of funds.
4. Planning regarding expansion of the business.
5. Preparation of rules and ploicies for the proper functioning of the business.
6. Analyse the competitors .
7. Build practice and reactive strategies and so on.
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