The dictionary definition of a corporation is "<span>a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law." So basically a company that has been given the legal rights of a person. Examples of this would be Google, or Burger King because they are given these legal rights by the government.</span>
Answer:
Business activities may broadly be classified into two categories namely (A) Industry and (B) Commerce. Industry involves production of goods and services whereas commerce is concerned with the distribution of goods and services.
Explanation:
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Answer:
Banks act as financial intermediaries because they stand between savers and borrowers. Savers place deposits with banks, and then receive interest payments and withdraw money. Borrowers receive loans from banks and repay the loans with interest.
Explanation:
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The answers below correctly describe the cash over and short account as a debit balance reflecting an expense.
The debit stability in a margin account is the entire sum of money owed by the consumer to a broker or other lender for budget borrowed to purchase securities. a sum of money in a bank account, etc. that's much less than zero due to the fact more money becomes taken out of it than the total amount that becomes paid into it: clients should remember to transfer the debit stability to a credit card with a special charge for debt transfers.
assets and prices have herbal debit balances. which means nice values for assets and expenses are debited and bad balances are credited. subsequently, the current account has debit stability that must be shown on the asset aspect of the stability Sheet.
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