Enterprise Organization
Because the one proprietor is personally responsible for money owed and obligations incurred in reference to the enterprise, no special guidelines are wanted to guard its collectors past the strange provisions of bankruptcy law. Accounting is the measurement, processing, and communication of financial details about economic entities such as businesses and corporations. The modern field was established by the Italian mathematician Luca Pacioli in 1494. Accounting, which has been referred to as the "language of business", measures the outcomes of a corporation's economic activities and conveys this information to quite a lot of users, together with investors, collectors, management, and regulators. The terms "accounting" and "monetary reporting" are sometimes used as synonyms. The word "corporation" derives from the Latin corpus, which means body, and the Maurya Empire in Iron-Age India accorded legal rights to business entities. In most cou