Task $1$

$1.$Prepare a short PowerPoint presentation on the key differences in financial reporting between a limited company and other business structures such as sole proprietorships and partnerships. You should:

Describe the main features of limited companies, sole proprietorships, and partnerships.

$2.$illustrate and explain in detail how the Income Statement and Statement of Financial Position of a limited company differ from those of a sole proprietorship and partnerships.

Highlight the specific elements and reporting requirements unique to each structure.

$(50$ Marks