WorksheetsForms of Business Structures
Total questions: 5
Worksheet time: 13mins
A form of business in which assets, liabilities, income and expenses are centered or owned by two or more persons .
Sole Proprietorship
Partnership
Corporation
A form of business where in assets, liabilities, income and expenses are centered or owned by only one person.
Sole Proprietorship
Partnership
Corporation
Owners of this kind of business are called shareholders or stockholders of the company.
Sole Proprietorship
Partnership
Corporation
Which of the following decrease/s the owner’s equity apart from net effect of revenues and expenses.
Initial Investment
Additional Investment
Withdrawals
Division of Income
A beginning owner’s equity amounted to Php300,000.
Net loss for the year totaled Php45,000.
No additional investments and withdrawals for the period.
Compute for total increase in equity for the year.
(a)
