Accounting for Business Document

ACCOUNTIN
G FOR
BUSINESS

INTRODUCTION
• The aim of this presentation is to support Rob in taking decision related to
purchasing a bakery shop in Melbourne and starting business with limited
funds.
• This presentation is comprised of brief analysis of available forms or
organization choices, how to raise funds, what security will be provided for
arranging funds, and how financial and non-financial information will help
Rob in purchasing business.

FORMS OF
ORGANIZATION
The two forms of organization are recommended for Rob to start with limited
funds that are:
• Partnership - It works as a source of funds in the form of a new business
partner and provide benefit of specialized skill require to run a business.
However, the disadvantage of this is that this is a instable form of
organization (Johnstone, 2012) .
• Sole Proprietorship – In this the advantage is that the owner gets
complete ownership of the business, but the disadvantage is that it has
unlimited liability for the owner (Ward, 2019) .