About: Accounting entity

An Entity of Type: Thing, from Named Graph: http://dbpedia.org, within Data Space: dbpedia.org

An Accounting Entity is simply an Entity for which accounting records are to be kept. The main requirements for something to be considered an "accounting entity" are: * It can own property the value of which can be measured in financial terms * It can incur debts or liabilities which can also be measured in financial terms * It can therefore be assigned a value for its net worth or solvency which is the difference between the two Examples of accounting entities include corporations, clubs, trusts, partnerships and individuals.

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  • An Accounting Entity is simply an Entity for which accounting records are to be kept. The main requirements for something to be considered an "accounting entity" are: * It can own property the value of which can be measured in financial terms * It can incur debts or liabilities which can also be measured in financial terms * It can therefore be assigned a value for its net worth or solvency which is the difference between the two Examples of accounting entities include corporations, clubs, trusts, partnerships and individuals. (en)
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  • An Accounting Entity is simply an Entity for which accounting records are to be kept. The main requirements for something to be considered an "accounting entity" are: * It can own property the value of which can be measured in financial terms * It can incur debts or liabilities which can also be measured in financial terms * It can therefore be assigned a value for its net worth or solvency which is the difference between the two Examples of accounting entities include corporations, clubs, trusts, partnerships and individuals. (en)
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  • Accounting entity (en)
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