Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is business entity concept?

Answer Posted / suresh lakra

Business entity concept is the main concept of Accounting.
This concept says that distinct from propritor or investor
of the business. For eg. If a proprietor invest some amount
in the business, it should be treated as Liability of the
business and directly reflected in balance sheet.

Is This Answer Correct ?    10 Yes 11 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

whts is the meaning of over cost and under cost, what is difference ?

11886


why did rbi hiked repo and reverse ratio and how it will effect the market

1840


Short Answer on ___________Appreciation

1946


wat is the fundamental analysys& technical analasys?and wat is the difference bewween fundamental analysys&technical analasys?

2087


Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance

1847


Sensitive field have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control?(any 1 answer) Currency Account group IBAN VENDOR ACCOUNT NUMBER

2269


what is ledger account

2087


What is the Memorandum voucher?

10859


i want report country wise with invoice number for gl account

2202


Can anyone expain.. why the sensex is in points. And why the ratios is calculated. In what way its uesfull to the organisations

2193


Short Answer on _____________Accident Insurance

1749


what is the nature of bill receivable and consignmenta/c

2408


Upto what age PF will be deducted for an employee? And what age he is eligible to gratuity?

1875


why do you want to work here?

2128


do we have to learn all the shortcutkeys in tally.i am from non commerce background ,where should i start from.

2097