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!
What is a sole proprietorship?
A sole proprietorship is a form of business organization that is owned by one person. The owner is referred to as a sole proprietor.
In accounting, the balance sheet of the sole proprietorship reflects the accounting equation: Assets = Liabilities + Owner's Equity. Owner's Equity consists of the owner's capital account and also a drawing account. The drawing account is a temporary account in which the owner's current year draws or withdrawals are recorded. (The sole proprietor has draws because he or she does not receive a salary or wages. Hence, the income statement will not report an expense for the owner's work. This means that the net income reflects the total return for the owner's work and investment.)
A sole proprietorship is not legally separate from its owner (as would be the case with a corporation). However, a sole proprietor may be able to register as a limited liability company in order to limit his or her personal liability. Be sure to seek professional advice as to the appropriate form of business for your situation and location.
Expertsmind.com offers unique accounting assignment help
Can the Depreciation on Assets be recorded in Single Entry system? No, it cannot be possible. What do you mean by Computer Hardware? The computer is made with different co
A methodical selection of the adequate, qualified evidential issue needed to verify the equity of management''s claims in the fiscal reports or to assess whether management has wis
Batch costing and method of costing whereby identical units produced are treated as a single unit & the cost incurred is shown to the whole of that batch instead of each individual
Lifts usually have signs indicating their maximum capacity. Consider a sign in a lift that reads “maximum capacity 1400kg or 20 persons”. Suppose that the weights of lift-users are
I need help with the following: Find the following probabilities for the normal random variable Z: 1) P(Z>1.76) 2) P(Z 3) P(0.59=Z=2.41)
two object are on the same level we release the first one vertically and the other one with an initial velocity which object will land first?
Problem Construct a consumer price index for the information given by using (i) Aggregate expenditure method, (ii) Family budget method. Commodities
The probability density function (pdf) of X is given by f(x) = (1-x/2 if 0 ≤ x (0 otherwise a. Verify that that f(x) is a legitim
Tchebycheffs theorem As we all know standard deviation is a most widely used measure of variation. It has certain mathematical properties that facilitate development of statistica
Q. What is Univariate and Bivariate Data? Ans. Univariate data is data gathered about a single variable. Univariate studies could include a study of the amount paid by Am
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: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd