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Dr Tom is considering purchasing a GP centre in the rural area of Torrens Island. Outline the importance of a business plan for Dr Tom

Dr Tom is considering purchasing a GP centre in the rural area of Torrens Island. Outline the importance of a business plan for Dr Tom and the type of accounting information he will require to assist in making his decision. Note: Dr Tom needs to consider accounting information requirements for different stakeholders surrounding his GP centre. For example, lenders would need information regarding the GP centre's ability to repay debt and service a loan.

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