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Define Entity.

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Define Entity.

    • Posted by Bijay Tamang 6 years, 6 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Sia ? 6 years, 6 months ago

    Entity:- In accounting, a business (or the organisation) and its owners are considered as two different parties or separate entities. This is called the 'entity concept'. It means business is a separate legal entity apart from its owners.

    1Thank You

    Raj Aman 6 years, 6 months ago

    A thing with distinct and independent existence

    1Thank You

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