Question

What is Entity ?? in accounts

Answer 1

Explanation:

HERE is ur answer

In accounting, a business or an organization and its owners are treated as two separately identifiable parties. This is called the entity concept. The business stands apart from other organizations as a separate economic unit.

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Answer 2

Answer :-

Entity

》In accounts An entity means an economic unit which is formed for earning income by providing service or selling goods . Basically it is an identity of any products of business.

Examples

● L.G

● Electronics

● Wipro

● Maruti Suzuki