{"id":71,"date":"2024-07-12T16:25:00","date_gmt":"2024-07-12T15:25:00","guid":{"rendered":""},"modified":"2025-06-30T12:55:52","modified_gmt":"2025-06-30T11:55:52","slug":"the-entity-concept","status":"publish","type":"post","link":"https:\/\/www.thetrainingplace.org\/blog\/2024\/07\/the-entity-concept\/","title":{"rendered":"The Entity Concept"},"content":{"rendered":"

WHAT IS THE ENTITY CONCEPT?<\/b><\/p>\n

This is where a business is usually seen and treated as a separate party from the business; so, the records of the business must be kept separate from the personal records of the owner of the business. The entity concept states that business transactions must be separately recorded from those of its owners.<\/p>\n

 <\/p>\n

\"\"<\/a><\/b><\/div>\n


Your task:<\/b><\/p>\n

Connect the treatment for drawings to the entity concept<\/p>\n

<\/p>\n\n\n

AAT Level 3 | The Training Place<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

WHAT IS THE ENTITY CONCEPT? This is where a business is usually seen and treated as a separate party from the business; so, the records of the business must be kept separate from the personal records of the owner of the business. The entity concept states that business transactions must be separately recorded from those … Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20,28,22],"tags":[],"class_list":["post-71","post","type-post","status-publish","format-standard","hentry","category-aat","category-business-awareness","category-level-3"],"yoast_head":"\nThe Entity Concept - The Training Place Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thetrainingplace.org\/blog\/2024\/07\/the-entity-concept\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Entity Concept - The Training Place Blog\" \/>\n<meta property=\"og:description\" content=\"WHAT IS THE ENTITY CONCEPT? 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