Thirty years ago we had only brick and mortar retail store. As technology grew and with the advent of e-retailing the world has changed. But has it?
Are income statement, balance sheets, and statement of cash flow still necessary? BSM, PVM, and SSM needed?
Is it needed for both brick and mortar and e-retailing business in the twenty-first century or are these chapters antiquated and are not necessary at all?
In my opinion, brick and mortar stores are still valuable today. Balance sheets
etc; are necessary and as businesses grow, electronic methods are required to streamline paper work.
WHAT YOU'LL THINK?
As technology grew and with the advent of e-retailing the world has changed...?
Not everybody has access to internet, and there are many people who has doubts about the security of their personal data, their credit card numbers, etc... Also there are perishable goods which will never sell well through the net.
So I think that there will be both kinds of elements in the future.
