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O-Level Forms of business ownership

What the O-Level syllabus expects for Forms of business ownership, and how to practise it.

What the syllabus expects

• Describe the characteristics of the private limited company, the limited liability partnership and the sole proprietorship
  Scope: Excludes the legal formation of entities and knowledge of the Board of Directors and AGM
• Tell apart the financial statements of a private limited company and a sole proprietorship
• Weigh up and decide among the ownership forms (private limited company, limited liability partnership and sole proprietorship) when establishing a business

More O-Level Principles of Accounts topics

Roles of accounting and of accountants · Stakeholders and what they need in order to decide · Judging profitability · Judging liquidity · Judging efficiency of inventory and trade receivables management · Kinds of business · all of O-Level Principles of Accounts