As used in the definition of accounting, an economic entity may be a. a business enterprise b. an individual c. a division within a business enterprise d. all of the above e. none of the above   EXPLAIN

Q: ation differ

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A: Meaning of Financial Accounting Financial Accounting is the recording of the business transactions…

Q: What is ABC system in accounting? Explain with example?

A:

Q: What is the origin of the term "double accounting systems" for certain types of accounting?

A: This subject discusses the origins of the phrase "double accounting systems" for specific forms of…

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A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: What does accounting entity assumption mean for a business?

A: The accounting entity assumption, also known as the economic entity assumption, is a fundamental…

Q: TRUE or FALSE An accounting entity is an organization or section of an organization that stands…

A: The bookkeeping element idea (or substance idea or separate element idea) is the rule that monetary…

Q: e broad conceptual definition of management accounting presented in the text excludes     a. public…

A: Management accounting refers to the system of accounting that uses the informal for internal use by…

Q: How do accounting and business administration differ?

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Q: What makes accounting characteristics important?

A: The practise of recording a business's financial transactions is known as accounting. As part of the…

Q: In accounting, an economic entity may be defined as- a. a business enterprise…

A: The accounting is based on various principles and standards.

Q: What precisely distinguishes accounting from business admin

A: Accounting: It is the process of recording any financial transactions incurred in the financial year…

Q: Name different accounting concepts.

A: Lets start with the basics. Accounting concepts are the basic thing to make the accounting…

Q: What is the purpose of accounting in an organization?

A: Income Statement: The income statement helps an organisation understand the amounts of revenues…

Q: What is the distinction between accounting and business administration?

A: Here is the Answer

Q: What distinguishes accounting and business administration from each other?

A: Despite the fact that business administration and accounting are closely related, they have distinct…

Q: Using the following categories, discuss the differences that exist between accounting for these…

A: Accounting is the process of recording financial transactions in a business. Accounting is the…

Q: 61. This principles states that the owner of the business is separate from the identity of the…

A: Every business needs some rules or regulations to be followed for consistent performance and…

Q: Which is one of the most important roles of the accounting function within an organization?

A: Accounting Function: Accounting function are the functions related to maintenance of records of the…

Q: nique from one ano

A: Accounting: It is the process of recording any financial transactions incurred in the financial year…

Q: How distinguishes business administration form accounting

A: Accounting: It is the process of recording any financial transactions incurred in the financial year…

Q: Briefly describe the reason of organization separate the accounting function from other function in…

A: Accounting Function: Accounting function are the functions related to maintenance of records of the…

Q: Micro-business entities can use which basis of accounting

A: Micro business entities have the option to us any of the following basis of accounting in the…

Q: Using the following categories, discuss the differences that exist between accounting for these…

A: Accounting is the process of defining, assessing, and reporting transactions to oversight…

Q: what are the accounting standards codification and how companies apply them to their activities?

A: Accounting standard: It is a set of basic rules and principles which is set by the Financial…