menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Financial Accounting Study Set 1
  4. Exam
    Exam 1: Accounting in Action
  5. Question
    Under the Proprietorship Form of Business Organization, No Distinction Is
Solved

Under the Proprietorship Form of Business Organization, No Distinction Is

Question 97

Question 97

True/False

Under the proprietorship form of business organization, no distinction is made between the business as an economic unit and its owner.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q62: A basic assumption of accounting assumes that

Q92: Selected transactions for Givens Lawn Services are

Q93: An account receivable is recorded in the

Q94: If an individual asset, in a proprietorship,

Q95: Revenues would NOT result from<br>A) sale of

Q98: Listed below are various types of business

Q99: The going concern assumption is the assumption

Q100: The income statement is always prepared first

Q101: Withdrawal of cash from a business by

Q102: The basic accounting equation, in a proprietorship,

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines