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Enterprise is the exercise of making one’s residing or making money by producing or shopping for and selling items or services. 1 2 three four Simply put, it’s any exercise or enterprise entered into for revenue. It doesn’t imply it’s a company, a company, partnership, or have any such formal organization, however it could actually range from a road peddler to Common Motors. 5 The term is also often used colloquially (however not by legal professionals or public officials) to consult with a company , but this text won’t deal with that sense of the phrase.
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Accounting is the measurement, processing and communication of monetary information about economic entities 15 16 corresponding to companies and firms The modern discipline was established by the Italian mathematician Luca Pacioli in 1494. 17 Accounting, which has been referred to as the “language of enterprise”, 18 measures the outcomes of a corporation’s economic activities and conveys this info to quite a lot of customers, including traders , collectors , administration , and regulators 19 Practitioners of accounting are known as accountants The phrases “accounting” and “financial reporting” are often used as synonyms.
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