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Difference between corporate entity and non corporate entity (Accounts)

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This query is : Open

Author : Anonymous

( Author )
27 November 2012

Dear Sir,

Kindly explain me the difference between Corporate Entities & Non- Corporate Entities????

Also, why accounting standards are only applicable to non corporate entity..??

It would be a great help, if you can remove the confusion uttering in my mind..

Thanks in advance


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