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BTEC National Diploma in Business
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| Words: 900
| Submitted: Fri Nov 09 2007
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BTEC National Diploma in Business Finance, cash flow and insolvency Assessment 4: Insolvency and Bankruptcy Scenario These tasks continue with me working as an advisor for the business enterprise advice centre, Poplargate Business Venture. I have a customer who has set up a small business in the area, selling products only to other businesses. She is having difficulties with her business and can often find it hard to pay her bills on time. Task 1 I am examining White accounts and found the following figures: - Stock - The amount of current materials the business has - £3,800. - Debtors - People who owe money to the business - £3,000. - Creditors - A business or a person that the firm owes money to - £1,800. - Overdraft - A banking facility that allows you to draw out more money than there is in your account, in return for a fee plus interest charges - £2,640. - Cash -...
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