Which of types of business organisations unlimited liability

Assignment Help Financial Accounting
Reference no: EM132946390

Problem 1. Which of the followings are not the external users of financial information?

A. Managers of a business.

B. Creditors of a business.

C. Potential investors.

D. Government agencies such as Inland revenue board.

Problem 2. The accounting process includes all of the following except __________.

A. identification of business transactions.

B. preparation of trial balance.

C. preparation of financial statements.

D. observation of business transactions.

Problem 3. Which of the following types of business organisations have unlimited liability?

A. Private limited company and sole proprietorship.

B. Partnership and sole proprietorship.

C. Private limited company and partnership.

D. Private and public limited company.

Reference no: EM132946390

Questions Cloud

What is range number of owners in private limited company : What is the range number of owners in private limited company? Which Accounting is best described as? recording all financial transactions systematically.
How the appraisal helps with the addie model : Illustrate how the appraisal helps with the ADDIE model (Analyze, Design, Develop, Implement, and Evaluate).
What is the after-tax salvage value : The company falls in the 40% tax bracket, the old equipment has a salvage value is $84,000, and a book value of $66,000. What is the after-tax salvage value
Managing employee benefits : Managing Employee Benefits: Considering Consumer-Driven Health and What are some overall advantages and disadvantages of pursuing consumer-driven health-care
Which of types of business organisations unlimited liability : Which of types of business organisations have unlimited liability? Which of the followings are not the external users of financial information?
Review the total stockholder equity for amazon company : What types of conclusions can you draw based on the information provided? Are operations playing a key role in increasing value for the stockholders
How much total cash was collected from the sale : Authorized share capital P100,000; Share premium, P4,000; Subscriptions Receivable P16,000; How much total cash was collected from the sale
How do we coach leaders to become leaders : How do we coach leaders to become leaders who groom and grow the next generation of talent?" said Dr. Susan Chen
Calculate the safety stock of towels : Calculate the safety stock of towels for a hotel with 640 rooms that uses 356 towels per day. It takes 12 days for the laundry service to deliver new towels

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd