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An example of a sole trader?
Examples could be ;Plumbing sole trading businessesGardenersDecoratorsNews agentsAny businesses that say Limited (ltd.) for short, show that they are owned by sole traders.
Can a business which has ceased trading still be a going concern?
A business that has ceased trading typically cannot be considered a going concern, as the going concern assumption relies on the expectation that the entity will continue its operations for the foreseeable future. If a business has stopped trading, it indicates that it may not generate future revenues or cash flows, undermining its viability. However, if there are plans for restructuring, asset liquidation, or potential new investments that could revive operations, it might still be evaluated under the going concern basis for a limited time.
Aims and objectives of a sole trader?
Survive, Break even cover all costs, customer service, expansion to partnership and market leader [eventually]
What are the activities performed by business organization?
Business organizations are primarily engaged into manufacturing or providing services. They are actively engaged in operations, finance and investment. These are the basis for any successful foundation of the business.
Why does different organisations have different aims and objectives depending on the size of the company and the type of business activity?
it depends upon the size of business for example small businesses such as sole traders or partnerships want to survive and hopefully make a profit. Larger businesses however have profit margins, competition and economies of scale as key aims. The aim of a business is very relative to its size.
The similarities between partnerships and sole trading?
sole trading concern partnership and sole trading concern
What is sole trading concern?
single ownership or sole trading concern is run by an individual who enjoys the all profit and bears the all losses
What are the aims and objectives of sole trading concern?
The aims and objectives of a sole trading concern typically include maximizing profit, providing goods or services to meet customer needs, and achieving financial independence for the owner. Additionally, a sole trader seeks to maintain control over business decisions and operations while fostering personal relationships with customers. Overall, the primary focus is on sustainability and growth while managing risks associated with sole ownership.
Merits of sole trading concern?
less chance of conflict
What is Sole Trading?
Sole trading is business, run by single or individual person who control all business activities. Another name for sole trading are single entreprenuership, individual proprietorship.
How are the profits divided in a sole trading business?
how are the profits divioded in a sloe trading buisness
What is theTitle of head person in sole trading?
Satan.
Who was trading a primary concern of?
Trading was a primary concern of early settlers because the resources they brought with them were quite limited. By trading with natives and those they came upon, they were able to sustain themselves and thrive.
An example of a sole trader?
Examples could be ;Plumbing sole trading businessesGardenersDecoratorsNews agentsAny businesses that say Limited (ltd.) for short, show that they are owned by sole traders.
What concern would Arabian nomads have the most?
the most important would be trading animals for supplies
Can a business which has ceased trading still be a going concern?
A business that has ceased trading typically cannot be considered a going concern, as the going concern assumption relies on the expectation that the entity will continue its operations for the foreseeable future. If a business has stopped trading, it indicates that it may not generate future revenues or cash flows, undermining its viability. However, if there are plans for restructuring, asset liquidation, or potential new investments that could revive operations, it might still be evaluated under the going concern basis for a limited time.
What financial statement is prepared first in accounting?
for a manufacturing concern it will be a manufacturing account and for a non manufacturing concern it will be a trading account or a profit and loss account or income and expenditure account.
