Prelim Entrep

It refers to amount paid to transport goods or merchandise purchased form the supplier to the buyer.

Example of utilities expense

The costs incurred by the business operation is known as

This is where you can register your business for the tradename.

This is where you are getting your Tax ldentification Number and the official receipts and invoices of your business.

These are considered as the source documents.

It is the license to operate the business in the city or municipality and payment of your local business taxes.

A department that is in charge of the business whose nature is partnership or corporation.

The process of recording business transactions in a systematic and chronological manner.

Which of the following does not belong to the group?

• Budget

• Projected Income Statement

• Vision

• Start up cost