Question

What is entity in introduction of accounting class11?

Answer 1

Entity-- It is the organisation created through laws and accounting principles and seprete from any other organisation and owners of their business. It is the main organisation in any accounting system..

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Answer 2

Answer:

it means a thing that has a defenet individual existance a business concern enjoys a separate existance from his owner

EX:- super bazar, ITC limited, HAL limited, KSRTC

Explanation:

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