Unit 2

?
  • Created by: Cblakey
  • Created on: 17-05-17 15:57
What is an advanatge of being a sole trader?
Faster decision making
1 of 6
What is a disadvanatge of being a sole trader?
Unlimited liability
2 of 6
What is an advanatage of being a partenrships?
More skills and expertise
3 of 6
What is a disadvantge of being a partnership?
Profits or debts shared
4 of 6
Immediate effect on cash, delayed effect on profit:
Unsold stock
5 of 6
Immediate effect on profit, delayed effect on cash:
Credit sales
6 of 6

Other cards in this set

Card 2

Front

What is a disadvanatge of being a sole trader?

Back

Unlimited liability

Card 3

Front

What is an advanatage of being a partenrships?

Back

Preview of the front of card 3

Card 4

Front

What is a disadvantge of being a partnership?

Back

Preview of the front of card 4

Card 5

Front

Immediate effect on cash, delayed effect on profit:

Back

Preview of the front of card 5
View more cards

Comments

No comments have yet been made

Similar Accounting resources:

See all Accounting resources »See all Accounting resources »