Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. What do you mean by single proprietorship?
A single proprietorship is a non incorporated business owned by an individual and often managed by that same person. Single proprietors comprise lawyers, physicians, electricians and other people in business for themselves. Several small service businesses and retail establishments are as well single proprietorships. None of legal formalities are necessary to organize such businesses and generally business operations can begin with only a limited investment. In a single proprietorship system the owner is only responsible for all debts of the business. For an accounting purposes but the business is a separate entity from the owner. Therefore single proprietors should keep the financial activities of the business such as the receipt of fees from selling services to the public separate from their personal financial activities. For instance owners of single proprietorships must not enter the cost of personal houses or car payments in the financial records of their businesses.
Periodic Review
Solve accounting income statement question in single step with given details.. The following are information for the Lotu Wo Company: Net Sales 5
how to develop a course project having to do with writing notes for a fictitious annual report
Assume we are a trading company giving devices and sometimes after sales service. when any fault came we just replace the hardware from another defective device and getting the pay
Q. What is Accrued expenses? Accrued expenses, accruals -- an expense that has been incurred though not yet paid for.Salaries are a good instance. Employees earn or accrue salar
Q. Explain about Manufacturing companies? Manufacturing companies purchase materials convert them into products and then sell the products to other companies or else to the fin
Q. What is Unbilled training fees? A company may possibly perform services for customers in one accounting period while it bills for the services in a different accounting peri
Q. Explain about pegboard system? One more innovation in manual systems was the one write or pegboard system. Beside creating one document and aligning other records under it o
Target Company issues bonds with a par value of $900,000 on their stated issue date. The bonds mature in 10 years and pay 10% annual interest in semiannual payments. On the issue
Because of the large number of accounting scandals that involved misclassification on the balance sheet, FASB has paid particular attention to classification of cash and receivable
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd