Question: Hello can you help me answer these questions where you match each description with the correct term with the image that I have sent to
Hello can you help me answer these questions where you match each description with the correct term with the image that I have sent to you below.

Match each description with the correct term: Business transactions are recorded separately from personal a. Trust transactions b. Trustee Eleven digit identifier issued by the ATO C. Mutual agency Nine digit number providing identification when transacting in O. Legal entity business e. Serial number Each partner has the right to enter into contracts for the entity f. Australian Company Number (ACN) Group of people who come together in business 5. Australian Business Number (ABN) Part owners of a company h. Business Individual who is liable for all the business debts 1. partnership Entity that is separate from its owners and recognised at law J. Unlimited Liability When an individual or individuals are fully liable for the debts of an entity K. Sole trader Relationship of shareholders to business debts . Accounting entity concept m. Company n. Limited liability O. Shareholders
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
