A sole proprietorship has ________ owner's equity account(s).A partnership with three partners has ________ owners' equity account(s).
A) one; one
B) two; one
C) one; three
D) one; four

Question

Quizplus · Accepted Answer

A sole proprietorship has one owner's equity account because it is owned by a single individual. A partnership with three partners has three owners' equity accounts, one for each partner.

A Sole Proprietorship Has ________ Owner's Equity Account(s)