Examlex
The writing in short reports differs from the writing in long reports in that:
Corporate Form
The structure of a corporation, recognized by law as a single entity separate from its owners, with its own rights, privileges, and liabilities.
Economic Entity Assumption
This accounting principle assumes that a company's financial activities are distinct from those of its owners or other businesses.
Accounting Concept
Fundamental principles or theories that underpin financial accounting practices, such as the matching principle or accrual basis accounting.
Personal Loan
An unsecured loan given to an individual based on their creditworthiness, without requiring collateral, typically used for personal expenses.
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