ENTITY ASSUMPTION Definition

Bookmark and Share

ENTITY ASSUMPTION is the assumption that financial statements are prepared for an entity that is separate and distinct from its owners.

Learn new Accounting Terms

BENCHMARK is a study to compare actual performance to a standard of typical competence; or, a standard for the basis of comparison as being above, below or comparable to.

COMMON EQUITY is the result of subtracting redeemable and non-redeemable preferred stock from total equity.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.