BUSINESS ENTITY PART 1 (INTRO TO ACCOUNTING)

ACRA

• accounting and corporate regulatory authority

• accounting and company regulatory authority

ODD ONE OUT

• clinic

• hair salon

• spa

• bookshop

An example of a TRADING business

• FOOT LOCKER

• QQ dental clinic

• Jean Hair Salon

V and Lisa wants to set up a business together. Which business entity can they register under?

• Limited Liability PARTNERSHIP

• Sole proprietorship

• Private Limited COMPANY

• LLP or PLC

Matthew wants to set up a business. He likes to have FULL control of the business. Which business entity would suit him?

• SP

• LLP

• PLC

• SP or PLC

Phoebe sets up a tuition agency. What type of business is this?

• TRADING

• SERVICE

Chloe and Jingwen wants to set up a business together. Which business structure they CANNOT register under?

• SP

• LLP

• PLC

KJE

• Kranji expressway

• Kallang expressway

Who will be interested about the business in order to make decisions?

• Owner(s)

• Manager

• Government

• ALL

I want to hire JADEN to manage my business. What VALUE should I look out for?

• compassionate

• respect

• integrity

• resourceful