business entity concept - definition in the Business English Dictionary - Cambridge Dictionaries Online

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “business entity concept”

business entity concept

noun [S]
 
 
ACCOUNTING
the idea that in accounting (= the work of preparing financial records) a business or organization is completely separate from the personal business of the people who own it or work in it: The business entity concept requires accountants to treat all businesses as seperate.
(Definition of business entity concept from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of business entity concept?
Add Cambridge dictionaries to your browser to your website

Word of the Day

a game in hand

if a sports team has a game in hand over other teams in a competition, it still has another game to play in which it can gain points

Word of the Day

What’s All The Commotion About? (Words to describe sounds)

by Kate Woodford,
May 20, 2015
​​​ In this post we look at a range of words and phrases that we use to describe noise and the absence of noise. Starting with complete quiet, we sometimes use the noun hush to describe silence: A hush fell over the room as the bride walked in./There was a deathly hush (=complete

Read More 

ancestral health noun

May 25, 2015
diet based on the presumed diet of our Palaeolithic ancestors ‘Ancestral health,’ to use a term popular among Paleo followers, has gone mass.

Read More