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BusinessServices from across government to support your corporation. Accounting is the measurement, processing and communication of financial information about economic entities 15 sixteen reminiscent of companies and companies The modern field was established by the Italian mathematician Luca Pacioli in 1494. 17 Accounting, which has been referred to as the “language of enterprise”, 18 measures the outcomes of a corporation’s financial actions and conveys this data to a wide range of customers, together with buyers , collectors , management , and regulators 19 Practitioners of accounting are generally known as accountants The terms “accounting” and “monetary reporting” are often used as synonyms.

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An unlimited company with or without a share capital: A hybrid entity, an organization the place the legal responsibility of members or shareholders for the money owed (if any) of the company aren’t limited. In this case doctrine of a veil of incorporation doesn’t apply.

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