All the Following Are Types of Pass- Through Entities Except

question 587

Multiple Choice

All the following are types of pass- through entities except

• A) LLP.
• B) LLC.
• C) S corporations.
• D) C corporations.

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Definitions:

Special Journal

A specialized accounting journal designed to facilitate the recording of specific types of transactions, such as sales or purchases, for increased efficiency and accuracy.

Petty Cash

A small amount of cash on hand used for minor and incidental expenses within a business.

Supporting Documents

Supporting documents are the paper or digital records that provide evidence for transactions recorded in accounting books.

Voucher System

An internal control system designed to control a company’s cash payments.