An accounting principle that establishes a clear delineation between any economic entity and its stakeholders for the purpose of maintaining separate transaction records.
Related information about economic entity assumption:
- Economic entity - Wikipedia, the free encyclopedia
The "Economic Entity Assumption" says that the activities of the entity are to be kept separate from the activities of its owner and all other economic entities.
- economic entity assumption definition | AccountingCoach.com
An accounting principle/guideline that allows the accountant to keep the sole proprietor's business transactions separate.
- What is economic entity assumption? - BusinessDictionary.com
Definition of economic entity assumption: Based on GAAP, an entity must be different from the financial interests of the company's owners.
- What is economic entity assumption
Economic entity assumption is an assumption under the Generally Accepted Accounting Principles that separates the stakeholders from the business itself.
- Economic entity assumption - Simple Studies
Economic entity assumption states that businesses must keep their transactions separate from transactions of their owners, business units or other ...
- What is economic entity assumption? - InvestorWords.com
Definition of economic entity assumption: An accounting principle that establishes a clear delineation between any economic entity and its stakeholders for the ...
- Economic Entity Principle - AccountingTools
... entity principle is also known as the business entity assumption, business entity principle, entity assumption, entity principle, and economic entity assumption.
- Accounting assumptions, principles and constraints 2-4 flashcards ...
Economic entity assumption. an assumption that requires that ...