How Many of These Are Areas Where There Are Major

question 52

Multiple Choice

How many of these are areas where there are major differences in accounting treatment by sole traders and partnerships and accounting treatment by companies?
Distributions to owners
Accumulation of profits
Accounting for income tax
Accounting for equity
Accounting for GST
Accounting for inventory

• A) 3
• B) 4
• C) 5
• D) 6