Explain the main difference between a limited company and a sole trader.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
Sole traders are also known as bodies sole whereas companies are known as bodies corporate A key fea...View the full answer
Answered By
Qurat Ul Ain
Successful writing is about matching great style with top content. As an experienced freelance writer specialising in article writing and ghostwriting, I can provide you with that perfect combination, adapted to suit your needs.
I have written articles on subjects including history, management, and finance. Much of my work is ghost-writing, so I am used to adapting to someone else's preferred style and tone. I have post-graduate qualifications in history, teaching, and social science, as well as a management diploma, and so am well equipped to research and write in these areas.
4.80+
265+ Reviews
421+ Question Solved
Related Book For
Introduction To Financial Accounting
ISBN: 978-0077138448
7th edition
Authors: Anne Marie Ward, Andrew Thomas
Question Posted:
Students also viewed these Accounting questions
-
Explain the main difference between a bond and a common stock.
-
Argile Textiles is evaluating a new product, a silk/wool blended fabric. Assume that you were recently hired as assistant to the director of capital budgeting, and you must evaluate the proposed...
-
What is the main difference between a perpetual inventory system and a periodic inventory system?
-
Understanding the history and background of your company gives you valuable insights as to what to do and what not to do going forward. A brief written summary of the background and history of the...
-
Green Glider Corporation makes golf carts that it sells directly to golf courses throughout the world. Several basic models are available, which are modified to suit the needs of each particular golf...
-
Look at Figure 2.17 and Table 2.8. Which compound in the table would give a titration curve the most similar to the one shown in the figure? Why?
-
Use the financial data for Randa Merchandising, Inc., in Exercise 13-13 to prepare its income statement for calendar-year 2017. (Ignore the earnings per share section.) Data From Exercise 13.13 In...
-
Bill Beck, Bruce Beck, and Barb Beck formed the BBB Partnership by making capital contributions of $67,500, $262,500, and $420,000, respectively. They predict annual partnership net income of...
-
a.) The following questions refer to the optical cavity in the diagram below. It is excited by a variable frequency source and the detected intensity is displayed on an Optical Spectrum Analyzer....
-
Wedding Planners Limited (WP), owned by Anne and Francois Tremblay, provides wedding planning and related services. WP owns a building (the Pavilion) that has been custom-made for hosting weddings....
-
What is the annual general meeting of a company? Describe the proceedings at such a meeting.
-
Describe the different kinds of preference share.
-
Repeat Prob. 9114 for a regenerator effectiveness of 70 percent. Data From Q#114: Air enters the compressor of a regenerative gas turbine engine at 310 K and 100 kPa, where it is compressed to 900...
-
A contract for a sale of goods is subject to the same traditional principles that apply to all contracts. (True/False)
-
Sam owes Lyle $300. Sam promises, in writing, to give Lyle a PlayStation 5 in lieu of payment of the debt. Lyle agrees, and Sam delivers the gaming console. Substituting and performing one duty for...
-
Chelsey Bike Makers agrees to sell forty mountain bikes to Orange Mountain Recreation under a shipment contract. Chelsey delivers the goods to Sugar Trucking to take to Orange Mountain. Sugar...
-
Robert and Lynette Knigge owned a B&L Food Store in Redfield, South Dakota. Robert, diagnosed with brain cancer and given five months to live, entered into an oral contract with his brother, David,...
-
On Monday, Stan buys a mountain bike from Pierre, his neighbor, who says, Take the bike. Stan says, Ill leave it in your garage until Friday. On Tuesday, Rosie steals the bike from Pierres garage....
-
Water is to be pumped from a lake to a ranger station on the side of a mountain (see figure). The length of pipe immersed in the lake is negligible compared to the length from the lake surface to the...
-
Transform the while loop from the previous exercise into an equivalent for loop (make sure it produces the same output).
-
Enron Corporation was a worldwide energy company with annual revenues in excess of $40 billion in 1999. Its main activities were in natural gas and electricity. Enrons collapse was one of the most...
-
Form groups of three to six students each. Each student should pick two companies, preferably from different industries. Find the appropriate data and compute the market-to-book ratio and the ROE for...
-
Find Starbucks financial statements for the fiscal year ended October 2, 2011, either via the Starbucks Web site or on the SECs EDGAR database. 1. Prepare the journal entries to record any dividends...
-
Ashby, one of Home Depot's suppliers, has a selling price per unit is $12.00, and their variable expense per unit is $7.75, and the break-even sales in dollars is $460,200, what are Ashby's total...
-
How would investors and creditors know about the change in inventory value?
-
Assuming an average selling price of $50 per unit, calculate the number of units needed to sell to achieve the survival revenues.
Study smarter with the SolutionInn App