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You Have Just Graduated and You Want to Start Your

question 44

Essay

You have just graduated and you want to start your own business.You have a degree in horticulture so you have chosen to open a florist shop and plant nursery.What type of business entity will you choose and explain its benefits and detriments in detail.


Definitions:

Salary Allowance

An agreed amount of money paid regularly to an employee on top of their salary for specific purposes, such as travel or housing.

Expired Insurance

The portion of an insurance premium that represents coverage for a past period.

Supplies Used

The value of materials and goods consumed during a company's operations within a specific period.

Book Value

The net value of an asset as recorded on the balance sheet, calculated by subtracting its accumulated depreciation from its original cost.

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