What form of business organizationproprietorship, partnership, or corporation do you recommend that Natalie use for...
70.2K
Verified Solution
Link Copied!
Question
Accounting
What form of business organizationproprietorship partnership, or corporation do you recommend that Natalie use for her business? Discuss the benefits and weaknesses of each form that Natalie might consider. Will Natalie need accounting information? If yes, what information will she need and why? How often will she need this information? Identify specific asset, liability, revenue, and expense accounts that Cookie Creations will likely use to record its business transactions. Should Natalie open a separate bank account for the business? Why or why not? Natalie expects she will have to use her car to drive to peoples homes and to pick up supplies, but she also needs to use her car for personal reasons. She recalls from her firstyear accounting course something about keeping business and personal assets separate. She wonders what she should do for accounting purposes. What do you recommend?
What form of business organizationproprietorship partnership, or corporation do you recommend that Natalie use for her business? Discuss the benefits and weaknesses of each form that Natalie might consider.
Will Natalie need accounting information? If yes, what information will she need and why? How often will she need this information?
Identify specific asset, liability, revenue, and expense accounts that Cookie Creations will likely use to record its business transactions.
Should Natalie open a separate bank account for the business? Why or why not?
Natalie expects she will have to use her car to drive to peoples homes and to pick up supplies, but she also needs to use her car for personal reasons. She recalls from her firstyear accounting course something about keeping business and personal assets separate. She wonders what she should do for accounting purposes. What do you recommend?
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.