Entrepreneurs are job makers that take a financial risk to create employment for themselves and others. This lesson looks at the characteristics, distinctive qualities and skills of successful entrepreneurs and concludes with factors of production.

The government established the Basic Conditions of Employment Act 1997 to regulate fair employment practices including that the employees of a business have the right to be paid for their labor, the right to be treated fairly and the right to work in a safe environment.

We look at public and private companies and their differences. This lesson looks at all the advantages and disadvantages companies have.

This lesson looks at the definitions for factor market, labour market and financial market.

Ownership of a business is one of the first decisions an entrepreneur has to make. They have to decide if it will be shared or solely owned. In this lesson we look at the advantages and disadvantages of soles traders who own a business on their own.

Gain all the in-depth knowledge of the steps of the accounting cycle which include transactions. source documents, journals, general ledger, trial balance and financial statements.

We are tackling your understanding of the cash journals of a service business. Cash journals are necessary so we can accurately record information that we see on the cash documents into the records of the business.

Cash Receipts Journals summaries all business receipts and cash slips issued. We look at the terms that identify whether a transaction needs to be recorded in the CRJ.

Cash receipt journal transactions affect the accounting equation in various ways such as cash that comes in as capital to increase owner's equity and receiving income from rendering services.

Prepare for all the exam questions using activities to practise how to encounter them better.