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Accounting Principles: Entità

  • Note di Apprendimento
  • Revisione degli argomenti
    BabaJide Martins F.
    TR
    BabaJide Martins F.

    Having a successful, account must be separated from its owner. It helps the business to grow.

    Hermina S.
    LC
    Hermina S.

    The concept implies that we should always separately record the transactions of a business and its owners.

    Morne V.
    ZA
    Morne V.

    he owner includes in the business balance sheet personal assets such as his or her golf clubs

    Sunday O.
    NG
    Sunday O.

    when it come to business it not longer family affair any more

    Thomas Haingura M.
    NA
    Thomas Haingura M.

    Entity Recognises that the business, from an accounting viewpoint, is separate from the owner. The owner includes in the business balance sheet personal assets such as his or her golf clubs.

    Odongo M.
    UG
    Odongo M.

    Accounting -> Accounting Principles: Entity Entity Recognises that the business, from an accounting viewpoint, is separate from the owner. Breach: The owner includes in the business balance sheet personal assets such as his or her golf clubs.

    Nana Amankwah K.
    GH
    Nana Amankwah K.

    Entity clearly spell out the difference between the owner and the business itself.

    Manish K.
    NP
    Manish K.

    it is clearly stated that organization is an artificial person which is different from business persons in the accounting point of view.

    Davidson Ade O.
    NG
    Davidson Ade O.

    This is where many businesses missed it. Business is an entity.

    Penelope M.
    US
    Penelope M.

    I understand why the entity is separated from the owner, becuase the funding from the business is used for the business., you have your own personal life when it all boils down to it.

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