Which of the Following Statements Is TRUE for a Proprietorship

question 113

Multiple Choice

Which of the following statements is TRUE for a proprietorship?

• A)Legally,a proprietorship is separate from the proprietor.
• B)For accounting purposes,a proprietorship is separate from the proprietor.
• C)The business records include the proprietor's personal finances.
• D)All statements are correct.

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Definitions:

Mesopotamia

An ancient region located in the eastern Mediterranean, bounded by the Tigris and Euphrates rivers, known as one of the cradles of civilization where writing and urban culture first appeared.

Sacrifice Ritual

Ceremonial acts performed in various cultures and religions involving the offering of gifts, and often the life of an animal or symbolic item, to a deity or higher power for the purpose of divine favor or atonement.

Aryan Religion

The religious beliefs and practices associated with the Indo-European peoples known as Aryans, precursor to major religions such as Hinduism.

Soma

In Vedic tradition, Soma is a ritual drink of importance among the early Indians, also referred to a deity associated with this drink.