Sole proprietorship is an organisation
Here what is the definition of ORGANISATION
raushankumar (delhi) (5 Points)
11 November 2021Sole proprietorship is an organisation
Here what is the definition of ORGANISATION
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 11 November 2021
Organisation can be derived indirectly through business entity concept in accounting. You can try Company acts to see if organisation is defined because they do this distinguishings.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 11 November 2021
raushankumar
(delhi)
(5 Points)
Replied 11 November 2021
Dear sir
Can you please provide the definition of organisation for accounting purposes
I have made two definition like this
A.organisation/entity/enterprise
1.is an establishment
2.having specific name for identification
3.run by an individual or group of indivisuals
4.having an objective to achieve
B.organisation/entity/enterprise
1.is a group of indivisuals
2.having specific name for identification
3.common goal to achieve
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 11 November 2021
I will go with A because cash is objective and profits are subjective. Also entity tries to enhance shareholder wealth maximisation. Common goal is inside the company, but company has an objective to run the business. an organized group of people with a particular purpose, such as a business or government department. Also, Organization refers to a collection of people, who are involved in pursuing defined objectives
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 12 November 2021
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