Answer / arun kumar

according to this concept business is treated as seprate
person or entity, based on this concept captial is treated
as liability to the business, based on this concept we pay
intrest on captial

Answer / vm

business entity concept explains that business is purely a
different entity...It has separate legal existence of its
own.

Answer / jagadish reddy

this concept says that"business entity is a
separate identity apart from its owner.
business transactions are recorded in
business accounts & his personal
transactions are recorded in his personal
book of accounts.

Answer / sravan

According to this Concept
Business is different from Person(Owner).
This Concept will create Separate Status to Business.

Answer / devi

According to this concept, it should be noted that only business transactions should be taken into the account. Personal transactions should not be clubbed into this. eg: Proprietor's Insurance Premium. This premium is a life of the proprietor's and it is completely personal so it comes under "Drawings" account.

waht i mean by bill's Paybles

2 Answers  

capital reserve and revenue reserve

1 Answers  

What is the meaning of Journal Ledger?

5 Answers   Wipro,

What is peer group comaprision?

5 Answers   Office Tiger, Suguna Foods,

One bill how calculate vat & Service tax

2 Answers  

Who are the ISP's? Give Examples

1 Answers  

Expand---------STRP

2 Answers  

is one time transaction called a business activity? give reasons to support you answer please.

2 Answers   Wipro,

If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?

0 Answers  

Total numbers of companies listed on stock Exchange?

0 Answers   Castrol, Mellon,

please tell me GENPACT finance interview questions

1 Answers  

why is nifty lower than sensex?

1 Answers   Union Bank,