Final Accounts are records of all financial transactions of the business. At the end of each accounting period accountants draw up the Final Accounts.
Posts tagged as “Corporate TAX”
A long-term bank loan is provision of finance by the lender to the business for a long period of time. The lender is a commercial bank.
Internal sources of finance come from within the business. Retained profits kept in the business belong to internal sources of finance.
In order to achieve economic objectives, the government will affect the economic activities. It will be done by arranging changes in TAXes.
The government budgetary decisions will be mainly concerned with raising the money from TAXes, and then spending the money on public projects.
The politics and regulations of businesses have tremendous influence on firms, customers and competitiveness on the market.