Business entity concept?

Answer Posted / payalgupta

business entity concept treats a business as distinct &
seprate from its owner.This is an accounting principle
which says affairs of owner is seprate from its buinesss

Is This Answer Correct ?    14 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

pls let me know double entry of 'LEASING"

1639


WHICH QUESTIONS ASKED IN EPFO IN 2009.

1496


If we started new project of Housing with Construction linked payment plan . How can booked our revenue or Sales .

1692


How does Cheques work while processing it in SAP? What are the effects and the methods.

1741


HOW CAN WE CONVERT IN CFT TO A ROUND LOG??

1428






Under Accrual Accounting, How Are Worker Comp Premiums Handled?

656


what will be the possible question for an interview in account post as a fresher

1521


what is the manual procedure for accounting

1461


Tell me what are the three factors that can affect your cash flow and business profitability?

575


Explain me the difference between accounting and auditing?

633


What is the difference in accounting and marketing and what is so different about them?

615


what is the accounting treatment in tally of free goods received with goods purchased.

6628


What is process of Vendor Reconciliation and which items will be Add and Less from ad per customer books likes step by step 1-Credit Note shown in vendor a/c but not booked in our a/c- Add or Less 2-Debit Note not shown in vendor a/c but booked in our a/c - Add or Less 3-Invoices not booked in our a/c but shown in vendor a/c- Add or Less 4-Payment booked in our books but not shown vendor- Add or Less If our balance is plus or minus rules is same. like 20000, (-20000) Sir, Provide your mobile n for clarify

1236


How does accounting contribute to the community?

635


WHAT IS THE LAST DATE OF HOUSE TAX SUBMITED , AND WHAT IS THE RATE OF HOUSE TAX ?WE PAID HOUSE TAX MCD OR ANY OTHER. PLEASE TELL ME.

1870