Question

why balance report is important ​

Answer 1

Answer:

In personal finance, balance reporting is important because it prevents people from overdrawing accounts and helps them manage their cash.

Explanation:

hope its helpful

Answer 2

Answer:

A balance sheet, along with the income and cash flow statement, is an important tool for investors to gain insight into a company and its operations. ... The purpose of a balance sheet is to give interested parties an idea of the company's financial position, in addition to displaying what the company owns and owes