UNIT 11

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:26AM in AAT student discussion
Hi
Can anyone just explain to me in simple account terms what
"entity" means
it just keeps coming up in my text book and just dont get what it eactly means

Thanks
LM1

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:UNIT 11

    Hi LM1.

    In simple terms an 'entity' is a business.

    You will hear the phrase 'seperate legal entity', i.e. the owner of a business is seperate from the business itself.

    Scott.

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