Sole trader Samenvattingen, Notities en Examens
Op zoek naar een samenvatting over Sole trader? Op deze pagina vind je 299 samenvattingen over Sole trader.
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BME Study Questions with Complete Verified Solutions
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Sole trader - ANSWER business owned and operated by one person 
Advantages of a sole trader - ANSWER Easy to set up , owner keeps the profit, 
accounts are kept private, low set up cost, control hours 
Disadvantage of sole trader - ANSWER 100% liability, stress and responsibility, lack of 
continuity, limited growth, limited access to finance, challenging competition in the 
market, false decision-making, hard-to-take holidays
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ULAW - LAW OF ORGANISATIONS SBAQS
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Two years ago, Aadi had set up in business as a sole trader. He invested all of his savings of £10,000 in the business. Recently the business has struggled financially, and a major supplier is owed £18,000. Aadi realises that he will have to sell the business and calculates that if all of its assets were sold, they would realise £8,000. Aadi himself owns a car worth £5,000. He owns a flat which, if sold, will raise £50,000 once the mortgage is paid off. He has no other substantial assets. T...
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ACCA FA EXAM QUESTIONS WITH COMPLETE SOLUTIONS
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Sole Trader correct answer: this is the simplest form of business entity where a business is owned and operated by one individual. With this form of entity there is no distinction in law between and owner and the business. 
 
Partnership correct answer: this is similar to a sole trader in that the owners of the partnership share all the profits and have unlimited liability for the losses and debts of the business. The key distinction is that there are at least two owners. 
 
Limited Liability ...
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TABL2741 Business Structures Exam | Questions Correctly Answered
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Sole trader: Definition - ANSWER The person carrying on business as an independent Individual. 
The business is the individual and they are indistinguishable. The business is owned and 
controlled by 'X' who enjoys all the profits and is directly liable for tax on income earned. 
Sole trader: Liability - ANSWER Unlimited 
Indemnity (Definition) - ANSWER Security or protection against a loss or other financial burden 
Sole Trader: Liability Minimising strategies - ANSWER Insurance policies: 
- ...
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ICAEW ACA Accounting Questions and Answers Rated A+
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ICAEW ACA Accounting Questions and 
 
Answers Rated A+ 
 
Accounting A way of recording, analysing and summarising transactions of an entity. 
 
Statement of Profit and Loss It reflects the performance of a business over a period of time. 
 
Statement of Financial Position It reflects the position of a business at a point in time. 
 
Users of Accounting Any organisation/business/individual who needs to keep track of their 
income, expenses, assets and liabilities. 
 
Types of Business Entity •...
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2023 AQA AS BUSINESS 7131/1 Paper 1 Business 1 Question Paper & Mark scheme (Merged) June 2023 [VERIFIED
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2 
Section A 
Answer all questions in this section. 
Only one answer per question is allowed. 
For each question completely fill in the circle alongside the appropriate answer. 
CORRECT METHOD WRONG METHODS 
If you want to change your answer you must cross out your original answer as shown. 
If you wish to return to an answer previously crossed out, ring the answer you now wish to select 
as shown. 
0 1 A company decides to rely only on decision trees to decide whether to accept a project. 
If...
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CIPS L3M1 questions well answered graded A+ 2024/2025
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CIPS L3M1 questions well answered graded A+ 2024/2025Private incorporated companies are... - correct answer Seperate from their owners 
 
Private unincorporated companies have... - correct answer No legal distinction from their owners 
 
Sole trader - correct answer Those with exclusive ownership of a business 
 
Partnerships - correct answer Legal forms of a business with 2+ owners 
 
General partnership - correct answer a type of partnership in which all partners share equally in both res...
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OCR Cambridge technical level 3 business studies unit 1 exam 1 Already Passed!! 245 questions
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Primary activity - - extract raw materials 
- e.g. mining, farming, fishing, extraction (gas, oil, mineral water) 
Secondary activity - - manufacturing products 
- e.g. factories, mills, construction 
Tertiary activity - - provides a service 
- e.g. retailers, personal services, business services 
Private sector - - owned by individuals 
- e.g. TESCO PLC, Coca-cola Enterpises LTD 
Public sector - -owned by the state/government 
- e.g. NHS, Ofsted, The British Army, BBC, Local authority refuse co...
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AQA A level business 3.1 Questions and Answers 100% Pass
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AQA A level business 3.1 Questions and Answers 100% Pass What are the aims of business? x5 Survival Cash flow (liqudity) profit (where the total revenue>total costs) Growth Social and ethical objectives 
Define what a mission statement is? A qualitative statement of an organisation's overall mission or purpose 
Reasons for mission statement x2 To provide a clear goal , purpose and sense fo direction To communicate to stalkholders 
What are the goals available for a business to achieve? x4 Mi...
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ACCA FA EXAM QUESTIONS WITH COMPLETE SOLUTIONS
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Sole Trader correct answer: this is the simplest form of business entity where a business is owned and operated by one individual. With this form of entity there is no distinction in law between and owner and the business. 
 
Partnership correct answer: this is similar to a sole trader in that the owners of the partnership share all the profits and have unlimited liability for the losses and debts of the business. The key distinction is that there are at least two owners. 
 
Limited Liability ...
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