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
Automatic interaction detector (AID) A method or the technique which uses a set of categorical explanatory variables to divide data into the groups which are relatively homoge
Base year price 10,12,18,20 and quantity 49,25,10,5 respectively. current yr quantity 50,20,12& 2
A consumer product firm finds that its brand of laundry detergent is losing market share, so it decides that it needs to "freshen" the product. One strategy is to maintain the curr
Kenneth Su Gold Corp (KSGC) is considering the purchase of a new piece of machinery. The new machinery would cost $80,000. You are given the following facts: The new machine
Define Mortality: The following rates are used for measuring mortality. Crude death rate The annual crude death rate is defined as Crude death rate = annual deaths / annual
ion #Minimum 100 words accepted#
Explain public budget A plan of financial process embodying an estimate of proposed expenditures and any other expenditure for a given era of time and the proposed means of finan
Linear regression is a regression methods that models the relationship between a dependent variable independent variables ? X1 i = 1 .........p and a random term . the mod
SPSS Assignment 1. Execute the following functions using SPSS. a) Enter the following data Case Age Weight Gender
A game that friends and I try to play to guess how long it takes a ball to fall to the bottom of a cone and how many revolutions around the cone it will take. I do not have a lot
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