6. What is a disadvanatge of being a sole trader?
- Unlimited liability
- Independence
- Not isolated
- Quick and cheap to establish
7. Which is a method of depreciation?
- Straight-line balance
- Reducing straight-line
- Staright-line method
- Reducing line
8. Immediate effect on cash, delayed effect on profit:
- Unsold stock
- Expenses accruals
- Credit sales
- Payment of tax
