| University : | University of Westminster UniLearnO is not sponsored or endorsed by this college or university. |
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| Country : | United Kingdom |
Assignment Task
State Assumptions
• Business makes a profit
• Rent is a surplus paid out of this profit
• Current trading activity represents the optimum use
• The business is efficiently run
• Size of proprietor team, e.g. 2 persons for licensed premises
Business Finance Information
• Company’s annual accounts (or receipts)
• Previous three to five years
• Accounts include all sorts of costs that affect the net profit differently
Other sources of business financial data
• VAT returns
• Management accounts
• Weekly sales records
• Stocktaking records
• Purchase invoices
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