Business may be carried on either as a sole proprietorship, partnership or as a limited company. Identify

Question:

Business may be carried on either as a sole proprietorship, partnership or as a limited company. Identify the type of organisation of each of the following businesses:

(a) PriceWaterhouseCoopers, a firm of chartered accountants.

(b) Marks and Spencer plc, a department store.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

See More Books

Question Posted: Aug 26, 2023 07:28 AM

See More Questions

[In 1999 King was doing business under the name of Washco as a sole proprietorship engaged in selling, installing, and servicing carwash systems and accessories. King offered to his customers the...
The financial statements of Marks and Spencer plc (M&S) are available at the books companion website or can be accessed at...
The financial statements of Marks and Spencer plc (M&S) are available at the books companion website or can be accessed at corporate.marksandspencer....
What tensions may arise if a shareholder-centric model is imposed on a stakeholder-focused society?
What is the kinetic energy of a 3000-lb automobile moving at 55.0 mi/h?
An inexperienced accountant prepared this condensed income statement for Zambrana Company, a retail firm that has been in business for a number of years. As an experienced, knowledgeable accountant,...
Return to the data set concerning the relationship between the distance from bushland and the level of predation on seeds, introduced in Exercise 3 in Chapter 7. In the earlier analysis of these...
What are unit-level, batch-level, product-level, customer-level, and organization-sustaining activities?
The value of the British pound changed from $1.40 to $1.15. We can say that the pound has ________ and the dollar has ________. depreciated; appreciated appreciated; appreciated appreciated;...
Who, among the following, deserve to receive financial statements from a business on a regular basis? (i) The owner, partners or shareholders who invested capital in the business (ii) A rival...
Which of the following are valid reasons for maintaining books of accounts? (i) To know whether the business has sufficient money to pay its bills (ii) To protect the business resources such as cash,...
Following Einstein, what is a simplistic positivist?
Using a ruler and set squares only, construct the following shapes: a. b. c. d. 5cm 5cm
The marketing department has just forecast that 10,000 units of item 778 will be ordered in the next fiscal year. Based on the marketing department's forecast and noting that the seasonal relative...
Following are interaction plots for three data sets. Which data set has the largest interactions? Which has the smallest? A B C
From your local chamber of commerce, obtain the population figures for your city for the years $1980,1990,2000$, and 2010. Find the rate of growth for each period. Forecast the population of your...
A mass $m$ is attached at the midpoint of a stretched wire of area of cross-section $A$, length $l$, and Young's modulus $E$ as shown in Fig. 13.29. If the initial tension in the wire is...
Initially sliding with a speed of 4.1 m/s, a 1.5-kg block collides with a spring and compresses it 0.27 m before coming to rest. What is the force constant of the spring?
During the month, services performed for customers on account amounted to $7,500 and collections from customers in payment of their accounts totaled $6,000. At the end of the month, the Accounts...
Effect of inventory valuation on the balance sheet and net income. ResellFast purchases residential and commercial real estate for resale. ResellFast has a December 31 year-end and prepares financial...
Inventory and accounts payable journal entries. Target Corporation, a U.S.-based retailer, follows U.S. GAAP and reports its results in million of U.S. Dollars ($). Its balance sheet for the year...
Inventory and accounts payable journal entries. Tesco Plc. is the U.K.'S largest grocery store chain. It applies IFRS and reports its results in millions of pounds sterling (). For the years ended...
Justice Corporation Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Assets Current Assets: $ Cash and Cash Equivalents 2,254 $ 1,876 Justice Corporation reported the following...
The Fields Company has two manufacturing departments forming and painting. The company uses the FIFO method of process costing at the beginning of the month the forming department has 33.000 units in...
A comparative balance sheet for Lomax Company containing data for the last two years is as follows: Lomax Company Comparative Balance Sheet This Year Last Year $ 96,000 $ 70,000 640,000 672,500...

Business may be carried on either as a sole proprietorship, partnership or as a limited company. Identify

Question:

Step by Step Answer:

a PriceWaterhouseCoopers is ...View the full answer

Financial Accounting An Introduction

Students also viewed these Business questions