what business entity concept ?

Answer Posted / syed

Business entity concept is one of the type of accounting
concepts followed by the accountants in india while
preparing the financial statements. Generally business is
ongoing and continous process. Business is different from
the entity for evauluating the financial position of the
business.

Is This Answer Correct ?    0 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

i need sbi bank clerk exam model question papers

1937


Can I freeze my account?

1692


describe how accuracy in trial balance is a prime objective for preparing the financial statements?

1592


example of SOP

1519


Difference Between Revenue & Capital Expenditure (Give an Example of each )

1658






what is the frienge benefits tax?what is usefull?

1584


what tax will be on puchasing of sweets and is necessery to use form 38.

1911


Explain Cash Basis of accounting

1581


pl send me SBI previous question papers for clerical post to my email id :jahnavi_devi@yahoo.com

1551


If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?

1608


How do you avoid loss situation

1493


how to do the finalise of account? what is the step? why we need to do like that?

1575


What are Home Equity Loans ?

1747


where we have file E-returns in SAP FICO-CIN/Wtax?

2204


What was the most chlleging task you face while working in SAP FI/MM and how did you solve?

1488