Question: 14. Explain the difference between a company and a sole trader in terms of the specific legislation regulating them. Explain how this impacts business operations

14. Explain the difference between a company and a sole trader in terms of the specific legislation regulating them.

Explain how this impacts business operations of sole traders in relation to financial accounting and management.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

harry jones, CEO of halifax Inc has recently heard a lot about big data analytics and wants to initiate a data analysis program in the company which has a substantial volume of historic structures...

Q:

Building and Construction BSBSMB401 Establish legal and risk management requirements of small business Learner Materials and Assessment Tasks Table of Contents About BSBSMB401 Establish legal and...

Q:

Three of the most common tools of financial analysis are: Multiple Choice Financial reporting, ratio analysis, vertical analysis. Ratio analysis, horizontal analysis, financial reporting. Horizontal...

Q:

Side Agreements Business Law Individual Assignment I. Introduction The Commercial Companies Law of the United Arab Emirates (Federal Law No. 8 of 1984, as amended) provides for seven types of...

Q:

After reading the following listed articles on SOX reporting for this week, provide a critique of SOX. In your opinion, do the benefits of SOX outweigh its Cost? Legislated Ethics: From Enron to...

Q:

Answer all the questions. Case study: NIK-05 Ltd: Development of Managerial Infrastructure in the business model of a pellet producer Abstract: Nikola Zmeev the owner of the NIK-05 Ltd - is a...

Q:

Pls answer the attach question with clearly. Case study: NIK-05 Ltd: Development of Managerial Infrastructure in the business model of a pellet producer Abstract: Nikola Zmeev - the owner of the...

Q:

1) Which of the following is an asset of a firm? a) An overdrawn balance on the firm's bank account. b) Money owed by the firm to one of its suppliers in respect of goods purchased on credit. c) The...

Q:

A formal critical review of a scholarly journal article will be submitted. The article that is the subject of the paper will be published since 2015, and be on a topic related to management...

Q:

need answers for questions 13, 17, 19, 20, and 23? PART 5 Business Valuations Chapter Business Valuations A valuation analyst should be able to explain and defend his or her valuation, including both...

Q:

Southern Africa Trust: embarking on a sustainability journey Keratiloe Mogotsi, Bhekinkosi Moyo and Angie Urban I n May 2020, working from her home office just over one month into a nationwide...

Q:

Write a paper in which need to compare and contrast the waterfall and agile methodologies.

Q:

The following information was obtained from two independent samples selected from two populations with unknown but equal standard deviations. n1 = 55 1 = 90.740 s1 = 11.60 n2 = 50 2 = 86.30 s1 =...

Q:

Change in a plant asset's salvage value. Change due to overstatement of inventory. Change from sum - of - the - years' - digits to straight - line method of depreciation. Change from presenting...

Q:

Newtown School?s head teacher has prepared the budget for the year ending 31 May. The government pays the school $1050 for each child registered at the beginning of the school year, which is June 1,...

Q:

Respond to the questions related to the following statements. 1. A wholly unperformed contract is one in which the company has neither transferred the promised goods or services to the customer nor...

Q:

Timpano Communication Inc. reported the following shareholders equity information on December 31, 2019: Contributed capital Preferred shares, $2.00, cumulative (1 year in arrears), liquidation price...

Q:

Vector Financial Planning is a partnership owned by three individuals. The partners share profits and losses in the ratio of 20 percent to Katherine Depatie, 40 percent to Sam Seamus, and 40 percent...

Q:

Use MATLAB to plot the polynomial y = 3x 4 - 5x 3 - 28x 2 - 5x + 200 on the interval $1 x 1. Put a grid on the plot and use the ginput function to determine the coordinates of the peak of the curve.

Q:

Consider the following LP problem with two constraints: 65X + 39Y >= 2535 and 23X + 16Y >= 368. The objective function is Max 22X + 16Y. What combination of X and Y will yield the optimum solution...

Q:

4. Based on a message you have recently received, analyse it in relation to its three components: a. the information component, b. its relational component and c. its hierarchical component.

Q:

3. Give an example of a problem or phenomenon in everyday life where information is presented in an emotional way.

Q:

6. How can a message directly influence the interpreter?