Exam (elaborations)
MANCOSA INTRO TO FIN ACC UNIT 1 SOLUTIONS
- Course
- Institution
this contains answers of the activity of unit 1 of introduction to financial accounting listed on my page check out my FIN ACC package as well
[Show more]
Seller
Follow
BookSquad
Reviews received
Content preview
INTRODUCTION TO FINANCIAL ACCOUNTINGUNIT 1: SOLUTIONS
QUESTION 1
Sole Trader Partnership Company
If you are in business on your own, for yourself,
X
without major expansion plans
If you have other investors X X
If you know the investor/s well and trust them, and
if the business is simple with not too many assets X
over which disputes can arise
Investors with a short-term business in mind X
If some of your investors are not people but
X
organisations
If shareholding is (or will become) more complex
X
than a simple 50/50 or 60/40 split.
If you will be running a really low-risk business X X
If the business risk is slightly higher X
If you want to tender for government contracts X
If you are working on an absolute shoe-string
X X
budget
If you have a fair amount of financial resources X
QUESTION 2
2.1 Private company
2.2 Personal liability company
2.3 Sole proprietorship
2.4 Public company
2.5 Partnership
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BookSquad. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.81. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79373 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now