Cambridge AS & A Level Accounting
1.1.1Types of business entity
Types of business entity in Cambridge AS & A Level Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic44 practice questions2 lessons
Learning objectives
What the syllabus expects you to be able to do.
- 1.1.1.1Describe sole traders, partnerships and limited companies (including plcs) and the advantages and disadvantages of each.
- 1.1.1.2Explain sources of finance and methods of funding for these entities: secured and unsecured loans, overdrafts, instalments, renting or leasing and trade credit.
- 1.1.1.3Use understanding of types of entity to take relevant decisions (limited liability partnerships are not examined).
Lessons
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Sources of finance for sole traders, partnerships and companies
45 min
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Types of business organisation: sole trader, partnership, company
40 min
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Sample question
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