The CPA Board Exam is probably one of the toughest in the Philippines.
That's why we aim to help students to have a good fundamental accounting background to help them in their CPA journey.
In this series of lectures by The CPA Recipe, we discuss the basics of accounting in a fun, easy to understand, and engaging way.
In this episode, we discuss:
1. What is a sole proprietorship?
2. What is a partnership?
3. What is a corporation?
4. What is a limited liability company?
Subtopics discussed include:
-Legal Entity vs Accounting Entity
-Juridical Person vs Natural Person
-Liability of Partners in a Partnership
-Express vs Implied Corporate Powers
-Stocks and stock certificates
-Limited Partnership vs Limited Liability Company
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Episode 1: Introduction to Basic Accounting
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Episode 2: Debits and Credits
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Feel free to comment on what you think about the lesson. Enjoy
