Departmental accounting is where various departments within an organization or entity have
different degrees of autonomy but are primarily separated from the rest of business
geographically (Warren, Reeve, & Fess, 2005). While department acco
What are corporations? How are they different, Who are the owners, what is stock and what are
the different types of stock?
The benefit of a partnership is that there is always someone there to share all the responsibilities with.
Some disadvantages of a
What is the Statement of Cash Flows and what information does it present? Also, what is the
relationship between the statement of cash flows and the balance sheet?
A statement of cash flow is a section of financial statements that is issued by a business
If you owned your own business what steps would you take to collect the payments from your customers
on a timely basis?
The steps that I would take the make sure my customer will pay on time is to always do a credit check to see how
they history is when
What is a partnership and what are its advantages and disadvantages of a Partnership to a sole
proprietorship and a corporation.
A partnership is a business that is ran by two are more people that share ownership of the business.
Advantages of partnership
In your own words, can you provide a definition of the differences between a service based
business and a merchandise business. Can you provide some examples of each one.
A serviced based business doesnt sell goods it offer services and merchandising bus