C14: Equities (Part 1)
Authored by Tuan Ang
Business
8th Grade
Used 4+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following form of business is subjected to the most regulations from government?
Sole-proprietorship
Limited liability partnership
Private limited company
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following form of business has the least access to fund?
Sole-proprietorship
Limited liability partnership
Private limited company
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following form of business allows for a minimum of 2 owners?
Sole-proprietorship
Limited liability partnership
Private limited company
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following form of business will require the owner to pay for the business' losses and debts is the business is incapable of paying off?
Sole-proprietorship
Limited liability partnership
Private limited company
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following form of business will offer the owner the highest level of control over his/her business?
Sole-proprietorship
Limited liability partnership
Private limited company
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following form of business is the easiest for transfer of ownership?
Sole-proprietorship
Limited liability partnership
Private limited company
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interpret the following journal entry:
Dr Capital
Cr Drawings
Assets of business being withdrawn by owner for personal use
New Capital invested by owner into the business
Closing of Drawings account to Capital
Closing of income summary to Capital Account
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