Examine the role of the entity accounting concepts in the preparation of financial statements .
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Entity means and economic unit which perform economic activity .A business entity means and Enterprise established in accordance with low to engage in business activities .These include proprietor firm ,partnership firms Corporation, company .An accounting system with always devised for specific business entity.
Entity means and economic unit which perform economic activity .A business entity means and Enterprise established in accordance with low to engage in business activities .These include proprietor firm ,partnership firms Corporation, company .An accounting system with always devised for specific business entity.
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