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!
Explain in detail about the Sole proprietorship
Sole proprietorship, as the name suggests, is where an individual is the sole owner of a business. This type of business is often quite small in terms of size (as measured, for illustration, by sales revenue generated or number of staff employed); though, number of such businesses is very large indeed. Instances of sole-proprietor businesses can be found in most industrial sectors but particularly within service sector. Hence, services like electrical repairs, picture framing and photography, retail shops, driving instruction and hotels have a large proportion of sole-proprietor businesses. Sole-proprietor business is easy to set up. No formal procedures are required and operations can frequently commence immediately (if special permission is required due to the nature of trade or service, like running licensed premises). Owner can decide the way in which business is to be conducted and has the flexibility to restructure or dissolve business whenever it suits. Law doesn't recognise sole-proprietor business as being separate from owner, so business would cease on the death of the owner.
Though the owner should produce accounting information to satisfy taxation authorities, there is no legal requirement to produce accounting information relating to business for other user groups. Though, some user groups may demand accounting information about business and may be in a position to have their demands met (for instance, a bank requiring accounting information on a regular basis as a condition of a loan). Sole proprietor would have unlimited liability that means that no distinction would be made between the proprietor's personal wealth and that of business if there are business debts that should be paid.
Joe has two children, Sydney age 5 and William age 2, that he wants to provide for their education funding. Currently, tuition is $10,000 per year and tuition inflation is 6%. Jo
hi please tell the status of payment confirmation
Assertion -Implicit or explicit representations by an entity's management which are embodied infinancial statement components and for which AUDITOR obtains and evaluates evidential
Open "Hoyle CPA: Earnings Per Share." Under "Free Questions" select "Financial Accounting & Reporting."
Valuing Callable Bonds: Bowdeen Manufacturing intends to issue callable, perpetual bonds with annual coupon payments. The bonds are callable at $1,350. One-year interest rates
1. The acceptance of a capital budgeting project is usually evaluated on its own merits. That is, capital budgeting decisions are treated separately from capital structure decision
Equation illustrates the relationship in between PVA n , A, K and n. So manipulating this a bit: We find that A = PVA n [(k (1 + k) n )/((1 +k) n - 1)] [(k (1 + k) n )/(
A HEALTH SAVINGS ACCOUNT AT FRONTLINE PR Susan Berry just returned from a national conference on compensation and benefits where she attended a session on Health Savings Accou
Recognition of PPE
Alexandria Co. Ltd has an authorized capital of Rs 25,000,000 divided into 250,000 equity shares of Rs 100 each. 100,000 shares were issued to public and Rs 80 per share were paid.
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