Finance for a new business
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Question 1 of 4
Which one of the below would be a good way to raise long-term finance for your business?
Personal savings
Invoice finance
Peer-to-peer lending
Bank overdraft
Which accounting tool does the following describe? An estimation of the money you expect your business to bring in and pay out over a period time.
Cash flow forecast
Budget
Profit and loss account
Final accounts
Is the following statement true or false? All sole traders must keep records of all their income and expenses.
FALSE
TRUE
Is the following statement true or false? Small companies (sales of under £10.2m or with 50 or less staff) are required to have their accounts audited and be submitted with a director’s report.
FALSE
TRUE
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