The Accounting Procedures Are the Same for Sole Proprietorships as for Partnerships

question 85

Multiple Choice

The accounting procedures are the same for sole proprietorships as for partnerships with the exception of:

• A)the asset section includes more than one cash account.
• B)the liability section.
• C)the revenue section.
• D)the capital section is now divided per the number of partners.

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Definitions:

Low Score

Low score typically refers to results that fall below an expected or average range in assessments or tests.

Mode

The value that appears most frequently in a data set or distribution.

Distribution of Scores

The way in which scores are spread out or dispersed across a range in a dataset, often visualized with graphs.

Correlation Coefficients

A measure that indicates the extent to which two variables fluctuate together.