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The purpose of the accounting process is to provide financial information about A. sole proprietorships. B. small businesses. C. large corporations. D. All of the above
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Asked 3/19/2017 6:27:42 PM
Updated 3/19/2017 7:07:06 PM
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Flagged by Janet17 [3/19/2017 7:06:10 PM]
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User: The purpose of the accounting process is to provide financial information about A. sole proprietorships. B. small businesses. C. large corporations. D. All of the above

Weegy: Sole proprietorship is a business structure in which an individual and his/her company are considered a single entity for tax and liability purposes.



Question
Asked 3/19/2017 6:27:42 PM
Updated 3/19/2017 7:07:06 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by Janet17 [3/19/2017 7:06:10 PM]
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Answer: All of the above. The purpose of the accounting process is to provide financial information about sole proprietorships, small businesses, and large corporations.
Added 3/19/2017 7:07:06 PM
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Questions asked by the same visitor
Which of the following is an advantage of a sole proprietorship form of business? A. There’s limited personal risk. B. The business can continue indefinitely. C. The owner makes all the decisions. D. All of the above
Weegy: One advantage of a sole proprietorship form of business is that the owner makes all the decisions. (More)
Question
Updated 3/17/2017 4:55:02 PM
0 Answers/Comments
Which transaction would cause one asset to increase and another asset to decrease? A. The owner invested cash in the business. B. The business paid a creditor. C. The business incurred an expense on credit. D. The business bought supplies for cash.
Weegy: The following would cause one asset to increase and another asset to decrease: The business bought supplies for cash. (More)
Question
Updated 3/17/2017 4:54:00 PM
0 Answers/Comments
Which of the following is not a type of business organization? A. Corporation B. Partnership C. Sole proprietorship D. Operation
Weegy: Collectives is NOT a type of business organization in a capitalist system. (More)
Question
Updated 3/17/2017 5:00:48 PM
1 Answer/Comment
Operation is NOT a type of business organization.
Added 3/17/2017 5:00:45 PM
This answer has been confirmed as correct and helpful.
The balance sheet contains A. liabilities, expenses, and capital. B. assets, liabilities, and revenues. C. expenses, assets, and cash. D. assets, liabilities, and owner’s equity.
Weegy: The balance sheet contains assets, liabilities, and owner’s equity. (More)
Question
Expert Answered
Updated 3/20/2017 7:16:49 AM
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A partnership is a business that A. is easy to form. B. ends with the death of a partner. C. is owned by more than one person. D. All of the above
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Not Answered
Updated 3/17/2017 6:20:40 PM
1 Answer/Comment
A partnership is a business that is all of the above (easy to form, ends with the death of a partner, and is owned by more than one person).

Added 3/17/2017 6:20:40 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [3/18/2017 8:15:35 AM]
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