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Lect 31

Lect 31

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Published by Mohsin

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Categories:Types, Business/Law
Published by: Mohsin on Nov 20, 2009
Copyright:Attribution Non-commercial

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11/20/2009

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Financial Accounting1Lecture – 31
Different Business Entities
Commercial Organizations
Sole proprietorship
Partnership, and
Limited Company
In commercial organizations profit is distributed among theowners of the business.
 
Financial Accounting2Lecture – 31
Different Business Entities
Non-Commercial Organizations
Co-operative institutions
NGO’s
Trusts
In non-commercial organizations profit is not distributed butis used for the objective of the organization.
 
Financial Accounting3Lecture – 31
Sole Proprietorship
Sole Proprietorshipis a business owned and run by anIndividual calledProprietor / Sole Proprietor .
It is the simplest form of business.

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