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An artificial entity created by the state and existing apart from its owners is known as:
Accounting Principles
The rules and guidelines that companies must follow when reporting financial data and accounting information.
Proprietorships
Business entities owned by one individual, where there is no legal distinction between the owner and the business.
Partnerships
A form of business organization in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a partnership agreement.
Cooperatives
Business organizations owned and operated by a group of individuals for their mutual benefit, where members democratically control the operations and profits are distributed according to each member's contribution.
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