Determine the various forms of business organizations, Financial Accounting

Determine the Various forms of business organizations

There are various forms of business organizations:

o Business-organization's objective is to earn a profit

o Sole Proprietorship-a business owned by one person

o Partnership-co-owned by two or more persons

o Corporation-owned by investors known as stockholders (Business-not owners-are responsible for company's obligations.)

o Limited liability company (LLC)-combines aspects of a corporation and a proprietorship


Posted Date: 9/21/2013 3:38:13 AM | Location : United States

Related Discussions:- Determine the various forms of business organizations, Assignment Help, Ask Question on Determine the various forms of business organizations, Get Answer, Expert's Help, Determine the various forms of business organizations Discussions

Write discussion on Determine the various forms of business organizations
Your posts are moderated
Related Questions
Half secret trusts In this type of trust the will states that the gift is on trust, but the name of the beneficiary is not specified. Since the existence of a trust is disclose

How do I treat with Expenses Outstanding, for example, Marketing Expenses outstanding at year end is $1250. How do I adjust?. It is a note under the trial balance.

prepare a cash flow statement

THE BALANCE SHEET It shows the financial position of the company as at the end of a given financial period. The standard requires that assets and liabilities should be classifi

In May 2011, Your Company purchased the rights to a natural resource for $4,125,000. The estimated recoverable units from the natural resource amount to 5,500,000 units. During the

An investor holds a bullish view for the equity market over the next twelve months and wishes to recalibrate his portfolio to reflect this view. The investor's portfolio consists o

If revenue=£92 million, purchase costs=£48 million and operating costs=£41 million, and if working capital days are 39 for inventory and 110 for accounts payable, what is the worki


ABC Analysis: ABC that is Always Better Control analysis is an application of the principle of 'Management by Exception' to the field of inventory control. If we seem at the in

1. Think about the transactions listed below. a. A company obtains a $10,000 loan from a bank. b. A company purchases $15,000 of inventory from its suppliers. They paid $5,000 toda