Define Sole Trade
Define Sole Trade in brief?
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Sole Trade: It is that form of business that is operated by single person. He takes all risks of business and gets all its gain. His liability to reimburse the debt is limitless.
Define and explain indirect world systematic risk.
The portion of retained earning that is not available for dividends. To appropriate retained earnings, the company must record the partitioning of retained earnings. The company can use appropriated retained earnings for contingencies or big projects. Appropriating retained earning does not invol
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The following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
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