Ask Question
BusinessBusiness
4 February, 13:15

The specific unit or organization for which accounting information is accumulated and reported is called the

+5
Answers (2)
  1. 4 February, 13:33
    0
    Entity

    Explanation:

    he specific unit or organization for which accounting information is accumulated and reported is called the Entity
  2. 4 February, 14:26
    0
    Answer:Accounting Entity

    Explanation: An Accounting entity is a corporation or sole proprietor who prepares and maintains separate books of recording all its transactions which are its assets and liabilities for a period of time.

    An accounting entity maintains and provide detailed accounting information useful to the owners of the business and its investors.

    A separate books of account must be maintained for different entities.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The specific unit or organization for which accounting information is accumulated and reported is called the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What is a tariff? a. a shipping fee b. a handling fee c. a tax on an exported good d. a tax on an imported good
Answers (1)
Kando Company incurs a $9 per unit cost for Product A, which it currently manufactures and sells for $13.50 per unit. Instead of manufacturing and selling this product, the company can purchase Product B for $5 per unit and sell it for $12 per unit.
Answers (1)
To make its dry ice, Polar Caps Ice Company compresses carbon dioxide and cools it to an extremely low temperature. Polar Caps Ice Caps' method is an example of process manufacturing. A. TrueB. False
Answers (1)
Yi Min started an engineering firm called Min Engineering. He began operations and completed seven transactions in May, which included his initial investment of $18,000 cash.
Answers (1)
Match the term with the correct definition. Disparate-treatment discrimination Intentional discrimination against a class of employees or potential employees based on a trait that is protected under federal law.
Answers (1)
New Questions in Business
An online medicaladvice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued 5 million shares of common stock, and the underwriting fees were $2.10 per share. The offering price was $27.90 per share.
Answers (1)
Which of the following is an example of how the principle of beneficence can be applied to a study employing human subjects? Ensuring that the selection of subjects includes people from all segments of the population.
Answers (1)
Match the following definitions with the correct term 1. Delocalization of food production and consumption connections 2. The process of learning culturally specific preferences passed from generation to generation 3.
Answers (1)
Adobe Systems Incorporated reported the following accounts and amounts (in millions) in its financial statements for the year ended November 30, 2013.
Answers (1)
A Trek Cycles manufactures and sells bicycles to retailers. The X-1 model sells for $500 and has per-unit variable costs of $300 associated with its production. The company has fixed expenses of $30,000 per month.
Answers (1)
Home » Business » The specific unit or organization for which accounting information is accumulated and reported is called the
Sign Up Forgot Password?