What does Economic Entity Assumption mean?
The assumption that a business is a distinct economic unit, separate from its owners and from other businesses.
The economic entity assumption requires that a business owner's personal transactions are kept separate from the company's books.
Economic Entity Assumption in German, French, Spanish and Italian
GermanTrennungsprinzip
also Prinzip der Unternehmenseinheit
Trennungsprinzip zwischen Unternehmen und den Privatfinanzen des Inhabers.
FrenchPostulat de l'entité
Postulat selon lequel l'entreprise est une entité distincte de ses propriétaires.
SpanishSupuesto de entidad económica
Principio que establece que la actividad económica es independiente de la de sus socios.
ItalianPrincipio dell'entità
Assunzione che l'azienda operi come unità economica autonoma rispetto ai proprietari.
Synonyms and opposites for Economic Entity Assumption
- Synonym Business entity concept