Could not ever know where your money is going along with your assets or liabilities. you should be able to know the different components like assets, liabilities and capital. although that there as an accountant for the company, as a manager you should at least be able to know where your money is going. people do make mistakes so being able to double check and understands what is going on in a financial statement is a necessity.
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OMG i need to give you back these points, but I need them for a new rang