72 356
Assignments Done
Successfully Done
In April 2019

Answer to Question #64706 in Accounting for JAY

Question #64706
How do the financial statements for a corporation differ from the statements for a proprietorship? Do you feel that the general public understands the owner equity section of each type of business?
Expert's answer
A proprietorship must file less statements than a corporation. He does not need to make such statements as: Statement of Owner’s Equity (because he is a single owner), Cash Flow Statements. He must make a balance and P&L statement for a proprietorship.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question

Privacy policy Terms and Conditions