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Author Question: A business in the form of a sole proprietorship ________. A) is separate and distinct from its ... (Read 99 times)

joe

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on: Jul 5, 2018
A business in the form of a sole proprietorship ________.
 
  A) is separate and distinct from its owner
  B) is a separate legal entity
  C) files its own tax return
  D) is a company with a single owner

Question 2

The journal entry to record the purchase of merchandise on account would include a ________.
 
  A) credit to Accounts receivable
  B) credit to Cash
  C) credit to Accounts payable
  D) debit to Cost of goods sold


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duy1981999

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Reply #1 on: Jul 5, 2018
Answer to Question 1

D

Answer to Question 2

C


joe

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Reply 2 on: Jul 5, 2018
Gracias!

momolu

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Reply 3 on: Yesterday
Excellent

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