INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Budgets
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Marketing strategy
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Controls
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Action programmes
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Detailed explanation-1: -Your projected profit and loss statement will list revenues from sales or services provided, your cost for goods or services provided, operating expenses such as wages, rent, advertising, and net income or loss. You’ll find a sample income statement template in the Business Tools.
Detailed explanation-2: -In the online course Financial Accounting, pro forma financial statements are defined as “financial statements forecasted for future periods. They may also be referred to as a financial forecast or financial projection.”
Detailed explanation-3: -What is a profit and loss budget? The profit and loss budget is a summary of expected income and expenses over a specified financial period. Businesses may wish to budget on a monthly, quarterly or annual basis.