Eric is going to set up sole trader business as Decorator. he knows that he will be responsible for his business' s debts and some accounting responsibilities , however , he does not know about steps for starting a business. Required:  in 500 words provide steps for starting a new small business.

Maria Brese has just completed her hairdressing apprenticeship and she has decided to open her own hairdressing salon. Indicate two types of business organisations that Nina could use to operate her business. Discuss two advantages and two disadvantages of the business organisations you have chosen.

You have been so helpful to Sahra that she has recommended you to a friend of hers, Jed Skee.  Jed set up the business ‘Surfs Up’ in October 2019 which sells Surf Ski’s.  Jed completed a basic bookkeeping course before he commenced his business and is able to prepare his business’s accounting information up to the point of the Trial Balance, but requires your assistance in preparing the financial statements.   Required:   Prepare an Income Statement, Statement of Changes in Equity and a Balance Sheet from the Trial Balance provided below.         Surfs Up Trial Balance for the year ended 30th June  2020 Debit ($) Credit ($) Loan Payable   66 640 Supplies on Hand 9 163   Fuel Expense 7 938   Capital   245 000 Equipment 17 640   Cash at Bank 100 254   Telephone Expense 2 450   Warehouse 196 000   Sales   43 316 Accounts Payable   3 038 Council Rates Expense 588   Accounts Receivable 23…