Inventory Accounting Question: Download Questions PDF
Described partnership accounting?
![Inventory Accounting Interview Answer Inventory Accounting Interview Question](https://globalguideline.com/public/images/interview/33.png)
Answer:
A business can be a corporation, a partnership, or a sole proprietorship. A corporation is incorporated at the state level. A sole proprietorship is one person in business. A partnership is two or more persons with an agreement on who has which assets and liabilities and income. Partnership accounting is doing the books for the partnership. For IRS purposes, a partnership return must be filed each year.
Download Inventory Accounting Interview Questions And Answers
PDF
Previous Question | Next Question |
Define Control in Accounting? | Described the definition of accounting? |