After completing an accounting course Jessica decided to offer her services as a bookkeeper to friends and neighbours.What is the most likely form of organization of her business?
A)A proprietorship
B)A partnership
C)A corporation
D)An income trust

Question

Quizplus · Accepted Answer

Since Jessica is offering her services on her own to her friends and neighbors, it is most likely that she will set up a proprietorship, which is the simplest form of business organization that is owned and operated by a single individual. In a proprietorship, the owner is responsible for all the assets and liabilities of the business.

After Completing an Accounting Course Jessica Decided to Offer Her