Accounting for Business: Types of Enterprises and Long-Term Sources of Finance for Public Limited Companies

Accounting for
business

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................4
TASK 1............................................................................................................................................4
The existence of three different types of business enterprise(Sole traders, partnerships and
companies) with examples..........................................................................................................4
TASK 2............................................................................................................................................5
Distinguish between two forms share capital and two forms of long term-debt in context of
long term sources of finance of public limited companies.........................................................5
CONCLUSION ...............................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
In the functioning of a business at the marketplace, accounting plays a crucial role by
recording all the transaction related to monetary (Coate, 2018). It is the backbone for the
business which helps a company to develop at the marketplace, with major competitive
advantage in order to succeed at the marketplace (Christ, 2018). The companies at the
marketplace should develop perfect strategy for the business in order to survive with the
accounting solutions. In this project various types of businesses along with their significance is
explained in a precise manner. This report contains differences between two forms capital along
with two forms of long term debt in context of long term sources for public companies is
mentioned.