A business is an organization in where basic resources or inputs, like materials and labor, are assembled and processed to provide outputs in the form of goods or services to customers.
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Q11: Proprietorships are owned by one owner and
Q14: The primary role of accounting is to
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Q18: The unit of measurement concept requires that
Q23: If total assets increased by $190,000 during
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Q34: An account receivable is typically classified as
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Q38: Revenue is earned only when money is
Q39: The rights or claims to the assets
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