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Q. Corporate accounting and accounting for sole proprietorship?
Several textbook authors use a sole proprietorship and a partnership form of business ownership to exemplify accounting concepts and practices. In a study of users and nonusers of our text we learned that the majority preferred the corporate approach because most students will probably work for or invest in corporations. As well many small businesses operate as corporations because of the investors' desire for limited liability.
This appendix temporarily describes the differences in accounting for these three forms of business ownership. The main difference is in the stockholders' equity or owner's equity section of the balance sheet.
Since you learned in this section the stockholders' equity section of the balance sheet for a corporation consists of capital stock and retained earnings. The owner's equity segment of the balance sheet for a sole proprietorship consists only of the owner's capital account. The owner's equity segment of a partnership is similar to that of a single proprietorship except that it shows a capital account and its balance for each partner.
Q. What do you understand by Revenue? Revenue -- Amounts received by or due a company for services or goods it provides tocustomers. Receipts are cash revenues. Revenues can al
The operating expenses section Operating Expenses - directly associated to the sale of merchandise General expenses (administrative expenses) related to business's offic
A business had always made a provision for doubtful debts at the rate of 5% of debtors. On 1 January 2017 the provision for doubtful debts brought forward from the previous year wa
The t/p bill for this month was 200,the company will pay it next month what is the journal entry for this?
Just i need a news about public interest theory which is after 1 Mar 2013 for my assignment.
Hi there, I was just wondering I''m not to sure how to describe my assignment, the subject is ACCOUNTING for university level... and it is 100 Level never don''t this paper in high
WHERE DO I START? I have two questions QUESTION1 On March 31, 2010, our company, Harry Yolo, purchased a 100,000. 8% 10-year bond for 102 from Fish Gimp, due in 6 years & 8 months
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Q. Basic elements of financial statements? Therefore far we have discussed objectives of financial reporting and qualitative characteristics of accounting information. A third
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