Talk:Entity concept
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Separate Entity, or Single Entity?[edit]
This article is linked from the main Accountancy article, and I'm concerned that this article is talking about the wrong thing.
Separate Entity appears to be a different name for a company's separate legal personality. This is not an accounting concept, but rather a legal concept relating the limited liability of shareholders.
The accounting concept is "Single Entity" concept, ie that the directors of a company should be held accountable for all the resources that they control, not just the holding company. Unless anyone has a strong objection, I will rewrite this article accordingly later this month. AnthonyUK 16:18, 3 November 2007 (UTC)