The ________ Is Usually the Easiest Form of Business to Start

question 262

Multiple Choice

The ________ is usually the easiest form of business to start and end.

• A) sole proprietorship
• B) limited partnership
• C) corporation
• D) cooperative

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Definitions:

Adjusting Journal Entry

A journal entry made at the end of an accounting period to correct accounts before the financial statements are prepared, ensuring they comply with the accounting principles.

Accounting Services

Professional services that involve maintaining financial records, tax preparation, and audit assistance.

Software

A collection of data, programs, procedures, and instructions that tell the hardware of a computer what to do.

Accumulated Depreciation

Represents the total depreciation expense charged against an asset over its useful life up to a specific date, reflecting the decrease in value of physical assets.