TUTORIAL 1 INTRODUCTION TO ACCOUNTING

BT12203 Business Accounting

FPEP UMS
SEM I 2015/2016

1. Explain the three types of business by their characteristics as in the table below:
Types

Sole Proprietor

Partnership

Company

Registration

Capital

Ownership

Management and
control

Liability

Profit or loss

TUTORIAL 1 INTRODUCTION TO ACCOUNTING

BT12203 Business Accounting

FPEP UMS
SEM I 2015/2016

2. Explain the use of accounting information to the users listed below:

Users

Type
(Internal / External)

Accounting Information

Board of directors

Shareholders

Account payables /
Creditors

Management

Tax authorities

Customers

Employees

TUTORIAL 1 INTRODUCTION TO ACCOUNTING

BT12203 Business Accounting

FPEP UMS
SEM I 2015/2016