20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2024 exams.
Get your discount code >>

Financial statements

This topic has 1 reply, 2 voices, and was last updated 3 years ago by Ken Garrett.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
March 18, 2021 at 5:37 pm #614699
andreaskraken
Member
- Topics: 57
- Replies: 30
This is a thought in my head
Soletraders and partnerships do not need to produce financial statements and they don’t need to be audited unlike limited companies right???
March 19, 2021 at 8:18 am #614726
Ken Garrett
Keymaster
- Topics: 10
- Replies: 10534
Sole traders and partnerships need FS for tax purposes and would also need them if they wanted to raise finance from outside the business. However, unlike companies, the FS do not have to be filed with the company registrar.
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.