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1. Bakery owner Boss Farmer was surprised by his company's sudden popularity. He decided to double the number of products his store produces on a daily basis without much thought. To his dismay, this resulted in some issues, such as doubled amounts of money to buy ingredients or the workers' ability to produce twice as much as they normally do. A friend advised him to begin implementing a proper accounting system. Give at least three advantages to Boss Farmer if he followed his friend's advice.​

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Some advantages to Boss Farmer if he followed his friend's advice are Financial Information, Material for Financial Evaluation, as a Tool for Control and Financial Evidence, and as a Tool for Managing Finance.

Not just a bookkeeping technique that only includes recording transactions. The benefits of accounting are quite important for businesses that will have a major impact on the development of the business.

1. As Financial Information

The accounting process will provide financial information for parties who need it, both internal and external parties. This financial information can be used as a basis for making managerial decisions.

2. As Material for Financial Evaluation

By knowing financial information, the company can know what needs to be done in the future. For example, after making financial records, someone finds out that their finances are having problems because they are too wasteful in buying production materials.

3. As a Control Tool and Financial Evidence

Financial records that are done well will help in completing finances without second-guessing expenses. Accounting can also be a control tool to control finances. That way, the company has a basis for allocating its resources.

4. As a tool for managing finances

Financial records will greatly assist each party in managing their finances. Accounting, it can take into account various daily needs so that expenses do not swell.

For more information about accounting, you can visit here https://brainly.ph/question/14001965?

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