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3.1: Role of Finance - Coggle Diagram
3.1: Role of Finance
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Businesses need finances sources to pay operational & daily costs, such as:
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Payments: Wages, Salaries, Rent, Insurance, Utility Bills
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PM payment likely to be CE
To set & function business, once in a while: RE
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Revenue Expenditure
Such as routine expenditure on maintaining non-current assets, such as:
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• Raw Material Stocks, semi-finished & finished goods: ready for sale paid to suppliers
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