Engage in an Enterprise

Engage in an enterprise crossword clue, 6 letters. A crossword question in Daily Telegraph Sydney on Saturday, 16 September 2017.

The answer: Embark

Engage in an enterprise in example

When two or more individuals engage in an enterprise as co-owners, the organization is known as a partnership. This form of organization is popular among personal service enterprises, as well as in the legal and public accounting professions. The important features of and accounting procedures for partnerships are discussed and illustrated below. If a certain amount of money is owed for the asset, the partnership may assume liability. In that case an asset account is debited, and the partner’s capital account is credited for the difference between the market value of the asset invested and liabilities assumed.

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