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MANCOSA INTRO TO FIN ACC UNIT 1 SOLUTIONS $2.83   Add to cart

Exam (elaborations)

MANCOSA INTRO TO FIN ACC UNIT 1 SOLUTIONS

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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

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  • January 3, 2024
  • 2
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
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INTRODUCTION TO FINANCIAL ACCOUNTING
UNIT 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

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