wat is accounting entity
Answer / anjaneyashirwal@gmail.com
Accounting Entities can be created for a company that has a great amount to do with local economics. The entity, itself, must be represented by a solid-standing, renewable, or growth producing point-of-value within the company. Several point-of-value systems are quite usually supported by a large corporation.
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The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
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