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Q. Show types of activities performed by business organizations?
The forms of business unit examined in the previous section are classified according to the type of ownership of the business entity. Business entities are able to as well be grouped by the type of business activities they perform- merchandising companies, service companies and manufacturing companies. Any of these activities is able to be performed by companies using any of the three forms of business organizations.
When individuals look for a bank loan to finance the formation of a small corporation the bank frequently needs those individuals to sign documents making them personally responsible for repaying the loan if the corporation can't pay. In this illustration the individuals are able to lose their original investments plus the amount of the loan they are obligated to repay.
A)Guerrero Company occupied in the following events during 2012: 1. Began operations by issuing common stock to investors for $40,000 cash 2. Given services to customers on a
The Institute of Management Accountants previously the National Association of Accountants is an organization with approximately 70,000 members consisting of management accountants
incomestatment
Q. Explain about Staff accountant? Let us travel with Tracy as she begins her career at the staff level. At the onset, she works directly under a senior accountant on each of h
Q. Show Journalizing adjusting entries? Subsequent to completing Micro Train's financial statements from the work sheet you should enter the adjusting entries in the general jo
Illustrate the cases of financial accounting ?Enron, an energy-trading business which is based in Texas, and was accused of entering into complicated financial arrangements in
Harry and Sally were divorced three years ago. In July of the current year, their son, Joe, broke his arm falling out of a tree. Joe lives with Sally and Sally claims him as a de
As discussing the scope of accounting you should have observed here the accounting involves a sequence of activities connected with each other, starting along with the collecting,
Explain Discounts allowed.
Paid salaries to sales clerks
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