An economic entity is one of the assumptions made in the generally accepted accounting principles.
Almost any type of organization or unit in society can be an economic entity. e.g. hospitals, companies, municipalities, and federal agencies.
May 20, 20251 min read
An economic entity is one of the assumptions made in the generally accepted accounting principles.
Almost any type of organization or unit in society can be an economic entity. e.g. hospitals, companies, municipalities, and federal agencies.