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- Entity_concept abstract "In accounting, a business or an organization and its owners are treated as two separately identifiable parties. This is called the entity concept. The business stands apart from other organizations as a separate economic unit. It is necessary to record the business's transactions separately, to distinguish them from the owners' personal transactions. This helps to give a correct determination of the true financial condition of the business. This concept can be extended to accounting separately for the various divisions of a business in order to ascertain the financial results for each division."The entity view holds the business 'enterprise to be an institution in its own right separate and distinct from the parties who furnish the funds"".
- Entity_concept wikiPageID "13676622".
- Entity_concept wikiPageRevisionID "581740348".
- Entity_concept hasPhotoCollection Entity_concept.
- Entity_concept subject Category:Accounting_systems.
- Entity_concept type Abstraction100002137.
- Entity_concept type Accounting113405962.
- Entity_concept type AccountingSystems.
- Entity_concept type Communication100033020.
- Entity_concept type Document113403331.
- Entity_concept type Record113403643.
- Entity_concept type Register113412321.
- Entity_concept comment "In accounting, a business or an organization and its owners are treated as two separately identifiable parties. This is called the entity concept. The business stands apart from other organizations as a separate economic unit. It is necessary to record the business's transactions separately, to distinguish them from the owners' personal transactions. This helps to give a correct determination of the true financial condition of the business.".
- Entity_concept label "Entity concept".
- Entity_concept sameAs m.03cdv5l.
- Entity_concept sameAs Q5380559.
- Entity_concept sameAs Q5380559.
- Entity_concept sameAs Entity_concept.
- Entity_concept wasDerivedFrom Entity_concept?oldid=581740348.
- Entity_concept isPrimaryTopicOf Entity_concept.