Knowee
Questions
Features

The debts of the business are also the debts of the owner(s) is _________ and applies to ________.

Question

The debts of the business are also the debts of the owner(s) is _________ and applies to ________.
🧐 Not the exact question you are looking for?Go ask a question

Solution 1

The statement "The debts of the business are also the debts of the owner(s)" is known as "Unlimited Liability" and it applies to "Sole Proprietorships" and "Partnerships".

Here's the step by step explanation:

  1. Unlimited Liability: This is a type of investment in which a business owner is person Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  

This problem has been solved

Similar Questions

The debts of the business are also the debts of the owner(s) is _________ and applies to ________.

The obligations or debts of a business to third party creditors.Select one:a.Assetsb.Journalc.Ledgerd.Liabilities

True or False? “A Sole Trader is not assumed to be the Beneficial Owner of a business.”

In a veterinary office. the owner of the pet(s) is referred to as:AadministratorBthe parentCthe clientDsole proprietor

An owner to start a business is called:Question 15Answera.Loanb.Capitalc.Investmentd.Drawings

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.