Accounting

A business organization owned and managed by two or more people who agree to contribute money, property, or industry to a common fund for the purpose of earning a profit.

• Partnership

• Sole Proprietorship

• Corporation

• Cooperative

Jack Ty and Jill Alunan were classmates since elementary. They went to college together and recently passed the board exam for certified public accountants. They decided to for T. Alunan Auditing Services.

• Sole Proprietorship and Trading Merchandising

• Cooperative and Manufacturing

• Partnership and Manufacturing

• Partnership and Services

Trading/Merchandising is a type of business engaged in the buying and selling of goods.

• False

• True

A type of business operation engaged in the rendering of services.

A primary users of financial information who are inside the reporting entity and are directly involved in managing the company's daily operation.

• External Users

• Internal Users

A secondary users of financial information who are parties outside the company

• Internal Users

• External Users