ACCA F3试知识点汇总.docxVIP

2015 年 12 月?ACCA?F3?考试知识点汇总☆Types of business entity A business can be organized in one of the several ways: ●Sole trader – a business owned and operated by one person. The simple form of business is the sole trader. This is owned and managed by one person, although there might be any number of employees. A sole trader is fully personall y liable for any losses that the business might make. ●Partnership – a business owned and operated by two or more people. A partnership is a business owned jointly by a number of partners. The partners are jointly and severely liable for any losses that the bu