Answer:
results of business activities should be reported in an appropriate monetary unit
Explanation:
For accounting purposes, the business entity should be considered separate from its owners if the entity could be a proprietorship, corporation or partnership.
<h3>What is a
business entity?</h3>
It refers to the organization created by an individual or individuals to conduct business, engage in a trade or partake in similar activities. It ia also an organization founded by one or more natural persons to facilitate specific business activities or to allow its owners.
There types of business entities includes the sole proprietorship, partnership, LLC, corporation, etc
Hence, the business entity should be considered separate from its owners if the entity could be a proprietorship, corporation or partnership.
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Dwayne has proper funding for his bicycle shop, but needs assistance on what to do next.<u>The type of assistance needed by Dwayne is Small Business Administration</u>
Explanation:
In U.S. Small Business Administration is a United States government agency that render support the budding entrepreneurs and small businesses houses
The Small Business Administration (SBA) was established in the year 1953 with intention of providing assistance to small business houses ,thus promoting economic growth.
The main function of SBA includes providing counselling and financial aid to individuals trying to start their own businesses.
The assistance of SBA is provided in four main areas:
- Financial aid
- Educating and training individuals
- Providing Government contracts
- Acts as a supporting voice in policy matters.
All the above mentioned programs are aimed to help entrepreneurs start and establish their businesses .
Choose something that you want to do for a very long time
