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?
Peer-to-peer lending
Personal savings
Bank overdraft
Invoice finance
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.
Budget
Final accounts
Profit and loss account
Cash flow forecast
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.
TRUE
FALSE
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