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A proprietorship is a company which is not registered with the state as a limited liability company or corporation. The owner does not pay income tax separately for the company, but he/she reports business income or losses on his/her individual income tax return.
Who maintains structure over the balance sheet? Is it one persons responsibility or
What is the vital purpose of the balance sheet?
here are five basic components of the balance sheet.
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please can somebody break down for me the 5 components of the balance sheet 1. Current Assets 2. Non Current Assets 3. Current Liabilities 4. Non Current Liabilities 5. Proprietorship
what is the difference between non- current assets and non current liabilities.
Accounting -> The balance sheet video The balance sheet The five basic components of the balance sheet.