Business
Because the only owner is personally answerable for debts and obligations incurred in reference to the business, no particular guidelines are needed to protect its creditors beyond the odd provisions of chapter regulation. Accounting is the measurement, processing, and communication of monetary information about economic entities corresponding to businesses and firms. The modern subject was established by the Italian mathematician Luca Pacioli in 1494. Accounting, which has been known as the "language of enterprise", measures the results of a corporation's financial actions and conveys this info to quite a lot of customers, together with traders, creditors, management, and regulators. The terms "accounting" and "financial reporting" are sometimes used as synonyms. In some nations, certain companies are legally obliged to be organized in sure methods. Sales are activity associated to selling or the number of goods or companies bought in a given time ...