What is business entity concept?

Q: Explain in detail and also give example. Business Entity concept

A: Accounting concepts: Accounting concepts laid the foundation for recording all the financial…

Q: What is matching principle and give example of business situation of it

A: Accounting is a process which is followed by complying with various accounting principles. One of…

Q: Accounting information system design is influenced by a company's business processes and business…

A: Accounting Information System:- It is the framework or structure that a business or company uses to…

Q: What is a business combination?

A: Business combination refers to the combining of one or more business organizations in a single…

Q: Describe accounting's internal function in organisations.

A: Introduction: Accounting is transmitting financial data to users such as investors, individuals, and…

Q: ation differ

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

Q: Business combination withc

A: Acquisition goodwill is the difference between the consideration paid and the fair value of the net…

Q: Accounting function definition in a firm. Whence comes the function, and why is it required? What…

A: Accounting is the systematic and detailed documentation of a company's financial transactions in a…

Q: What are the types of Businesses according to Nature and differentiate each?

A: Solution Concept Types of business                 There are various types of business ,such as…

Q: What is meant by company and essential characteristics of a company?

A: Company: The form of business entity, which is incorporated by state law into a separate legal…

Q: What are different forms of business organization? Write down their advantages and disadvantages.

A: Sole proprietorship, partnership, and company are the three basic types of business ownership. In…

Q: discuss the forms of business organization as to ownership.

A: There are different type of business organisation which are prevailed in the current market.  The…

Q: How do you define an accounting information system and what are its components? Give an example.

A: Introduction: The journal book will have a chronological record of all transactions in the…

Q: How do an organization's business activities and lines of business impact the process of designing…

A: Answer: Solution Concept Accounting information system               The term accounting information…

Q: What is business ethics?

A: Ethics:   Ethics in business is a much debated yet less followed topic. Every business has to…

Q: Why is it important to organizationally separate the accounting function from other functions of the…

A: Accounting functions: The functions that are related to maintenance of records of the financial…

Q: What impact do a company's activities and business sectors have on the accounting information system…

A: Accounting in the modern environment is done with the help of computers. As businesses are expanding…

Q: What is the significant contribution of the Accounting Information System in the business value…

A: In most businesses, the accounting department is the single most frequent user of the accounting…

Q: What are the functions of Management Accounting? Explain

A: Management accounting is the one which helps the managers within the company to make decisions and…

Q: What is business entity principle give example of business situation of it

A: Bussiness entity concept is one the accounting principles. It says that the bussiness and its owners…

Q: plogically record a business's

A: To explain the record of business debit and credit transactions.

Q: What information must an enterprise report by geographic area?

A: The information that an enterprise must report by geographic area are:  Revenues from external…

Q: accounting definition?

A: Accounting means a process of recording , classifying , summarizing , interpreting and communication…

Q: What is management accounting information used for? taking example

A:

Q: Accounting role of a business organization explained. Whence comes the function, and why is it…

A: Accounting functions involve tracking, storing, documenting, analyzing, summarizing, and reporting a…

Q: What are the various forms of business organization? What are the advantages and disadvantages of…

A:

Q: How cultural and political aspects are important for business?

A: Business is influenced by political-economical, environmental, technological, legal, and…

Q: What is a business process and what role does it play in an organization?

A: The question is based on the concept of business accounting.

Q: Differentiate between business plan and business model?

A: A business plan is a composed depiction of things to come for a business in the future. It's a…

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: Explain the model business coporation act.

A: Corporation: A corporation is a form of business entity that is incorporated through the state…

Q: What is the business value of the Lexis-Nexis DSS?

A: Business valuation is the process of evaluating the economic value of a whole company or company…

Q: Explain business entity concept in detail with example.

A: Introduction: Accounting: Accounting is an art of recording , classifying , summarizing and…

Q: Define business financial status

A: The financial status defines the status of a company’s well-being regarding. The financial status of…

Q: Explain the internal business process perspective.

A: The internal business process perspective.

Q: Explain the importance to understanding the business operation flow.

A: Definition:   Business: Business can be defined as a work that includes exchange or production of…

Q: Explain Model Business Corporation Act.

A: Corporation: A business concern where there is a separate legal entity, and are owned by…

Q: How do an organization's business processes and lines of business affect the design of its…

A: AIS stands for Accounting information system is defined as the business structure that uses to…

Q: What is the business segment? Give some examples.

A: Business segment: A Business segment is a recognizable part of the company for which financial…