State how the business will find out that the goods purchased are not sold.

Name at least two reasons that a business would use to ensure their financial institutions.
A. To secure loans or credit facilities from banks.
B. To attract investors by demonstrating financial stability and good management.

When a business continues to make a loss over a certain period of time, what are two (2) possible steps to take to improve their finance?
A. Reduce operating costs by cutting unnecessary expenses or finding more efficient processes.
B. Increase sales revenue through marketing, improving product quality, or adjusting pricing strategies.

State how the business will find out that the goods purchased are not sold.
The business will find out that goods purchased are not sold by conducting a physical stocktake (counting inventory) and comparing it with sales records or inventory management system data.

Study the Balance Sheet to answer Question 11 and 12.
Balance Sheet as at ______

How much is the owner's contribution for the business?

What is the total asset of the business?

What will happen if business expenses are greater than business revenue?
If business expenses are greater than business revenue, the business will incur a net loss.