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Author Question: A business form in which the partners are not personally liable for the malpractice of any of the ... (Read 136 times)

Metfan725

  • Hero Member
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  • Posts: 552
on: Jul 5, 2018
A business form in which the partners are not personally liable for the malpractice of any of the other partners is called a ________.
 
  A) corporation
  B) limited liability partnership
  C) modified sole proprietorship
  D) partnership

Question 2

When recording closing entries in the general journal, which of the following is written in the Description column?
 a. closing entries
   b. a description of the transaction
   c. nothing
   d. zero out accounts


bigsis44

  • Sr. Member
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  • Posts: 317
Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

a


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