Bilanzbuchhalterprüfung Practice Questions - Austria Fachprüfung Für Den Beruf Des Bilanzbuchhalters (BiBuG 2014) Exam

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Under § 189 of the Austrian Commercial Code (UGB), which enterprises are subject to mandatory commercial double-entry bookkeeping (Rechnungslegungspflicht)?
Correct Answer:
All corporations (GmbH, AG) and commercial partnerships without a natural person as general partner (GmbH & Co KG) by virtue of legal form, as well as sole proprietorships and other partnerships whose turnover exceeds €700,000 in two consecutive years or €1,000,000 in a single year

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