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Sample Essay – Finance in Business

Presently when there is stiff competition going on a business needs to draw up detailed financial plans, maintain accounts , which should be monitored consistently.

With so many costs occurring each day, it is essential that all these are calculated and accounted for before starting up the business. These are called start up costs and are incurred before the start of a business.

Some start up costs can be purchase of equipment, utility expenses, rental of premises etc.

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