BUSINESS Definition

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BUSINESS is a commercial or industrial enterprise and the people who constitute it that undertake the activity of providing goods and services involving financial, commercial and industrial aspects.

Learn new Accounting Terms

PERIODICITY CONCEPT is the concept that each accounting period has an economic activity associated with it, and that the activity can be measured, accounted for, and reported upon.

RELEVANT RANGE is the range of activity over which changes in cost are of interest to management

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