Accountancy, asked by omofalomo, 11 months ago

what is the sole proprietor account format

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Answered by singhdevradharmendra
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Answer:

A sole proprietorship is a form of business organization that is owned by one person. ... In accounting, the balance sheet of the sole proprietorship reflects the accounting equation: Assets = Liabilities + Owner's Equity. Owner's Equity consists of the owner's capital account and also a drawing account.

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