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Which of the Following Are Organizations Formed by Individuals or Businesses

question 76

Multiple Choice

Which of the following are organizations formed by individuals or businesses with similar interests to achieve greater economies of scale and economic power through collective ownership?


Definitions:

Normal Account Balances

The typical balance side (debit or credit) of an account based on its accounting function.

Increase Side

In double-entry bookkeeping, the side (debit or credit) of an account that is used to record increases in the account's balance, which varies depending on the account type.

Posting

The act of recording financial transactions in the ledger of a company as part of the accounting process.

Journal

A book or digital record where financial transactions are initially recorded in chronological order.

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