U1p4 Samenvattingen, Aantekeningen en Examens

Two years ago, Aadi had set up in business as a sole trader. He invested all of his savings of £10,000 in the business. Recently the business has struggled financially, and a major supplier is owed £18,000. Aadi realises that he will have to sell the business and calculates that if all of its assets were sold, they would realise £8,000. Aadi himself owns a car worth £5,000. He owns a flat which, if sold, will raise £50,000 once the mortgage is paid off. He has no other substantial assets. T...

U1P4 Explain how their style of organisation helps them to fulfil their purposes.