unit 3 personal and business finance revision booklet 1 answers

Business and Personal Finance: A Look at Liabilities

by

The Basic Accounts – A Look at Liabilities Every dime your business owes, no matter to whom or for what reason, is a liability. Owing someone a product (such as a magazine subscription) or a service (such as insurance coverage) counts as a liability as well. Although there aren’t as many kinds of liabilities as … Read more

Business and Personal Finance: Different Versions for Different Reasons

by

Accounting Is More Than Numbers – Different Versions for Different Reasons In addition to you, there may be a lot of people who want to see how your business is doing. This includes your own employees, who may need to track particular numbers to get their jobs done; your accountant, who needs the numbers in … Read more