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

be as cold as ice

to be extremely cold

Word of the Day

Let’s celebrate! (words and phrases for parties)

by Kate Woodford,
December 17, 2014
​​​ With Christmas and New Year almost upon us, we thought it a good time to look at the language of parties and celebrations. First, let’s start with the word ‘party’ itself. To have or throw a party or, less commonly, to give a party is to arrange a party: We’re having a

Read More 

cinderella surgery noun

December 15, 2014
cosmetic surgery to the feet We have all heard of people having nose jobs, boob jobs and liposuction – but now a new trend growing in popularity in America: Cinderella surgery.

Read More