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The Business Entity Concept explained

The Business Entity Concept explained

We look at the Business Entity Concept. This is a simple but very important idea in accounting which states that the financial accounts should only reflect the activities of the business and not the personal activities of its owners. We thus treat a business as an entity which is separate from its owners We still report flows of money between ...

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Entity Concept Definition

What is an Entity in a Database?

What is an Entity in a Database?

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Customer Satisfaction | Definition, Measurements & Examples

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Legal Capacity in Contract Law | Definition & Examples

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What is the Business Entity Concept?

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