BALANGA CITY, Bataan – Knowing how to read financial statements will determine if your business is “healthy.”
This was the advice of Allyses Alera, accountant and instructor at the Bataan Peninsula State University (BPSU), to about 40 entrepreneurs and business owners in the DTI SME Roving Academy: Understanding Your Financial Statement cum Money Management Seminar in Crown Royale Hotel, this city.
Alera discussed assets, liabilities, capital, income, expenses, drawing, and statement of cash flow among others.
The said seminar was initiated by the Department of Trade and Industry (DTI-Bataan) headed by its provincial director Nelin Cabahug to help assist traders in the province.
Meanwhile, businesses which joined the recent Calamity Diskwento Caravans in Dinalupihan and Hermosa towns earned P512,000. “This shows that citizens in the said towns, which are still under a state of calamity, need discounted commodities”, said Cabahug.
Among the firms who joined the caravan were the National Food Authority, Puregold, Pandayan Bookshop, Vercon’s, Permex, Hopewell, Amanda’s Marine Products, Vergara’s Supermarket, and Batzam General Merchandise.
In a related development, the finest products of the seven provinces of Central Luzon will be on limited sale at the annual Likha ng Central Luzon on October 10-13 in Glorietta Mall, Makati City. Cabahug said Bataan will be selling cashew nuts, processed marine products, brooms, bags, delicacies and many more.