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

why gross profit transfering to profit & loss account

4179


What is miscellaneous expense and when it is used

2058


What is Profir/Earning Before Tax and Profit after tax any one explaint this Clearly.

2252


I need all WNS interview questions

2132


why do you think you are sutable candidate for this post

2074


different between acconting and elective mathematics

2155


what are the certificates needed at the time of SBI clerical interview?

2065


What is the Finalization of Accounts?

2224


what is Exposure ?

1923


Guest expenses Rs 5500/-on behalf of partner Aravind was written as Hospitality. Rectify it

1833


objective of accounting

1993


What are the duties of sales tax department? Explain it

2170


We can add the no. of increase in shares due to exercise of the options.Why diluted eps is calculated separatey?

2264


how to make a project accounting in tally erp9 ?

6754


can any one tell me what kind of qns are asked in gail entrance test. i m apearing for the exam of accounts & finance. please let me know the ans on my id pragneshmall1@gmail.com

1933