clearification of meaning of commercial etc.

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Naresh Kansala (Querist)
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24 November 2009 hello to respected,

indian Accounting Standards use the word

" all commercial, industrial and business reporting entities"

what does Commercial, industrial and business means plz explain with Example

thanks in addvance.

With due regard,
Naresh Kumar

Ram Avtar Singh

Ram Avtar Singh (Expert)
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24 November 2009 Commercial meaning
pertaining to commerce; carrying on or occupied with commerce or trade; mercantile; as, commercial advantages; commercial relations.

Industrial Meaning and Definition
Consisting in industry; pertaining to industry, or the arts and products of industry; concerning those employed in labor, especially in manual labor, and their wages, duties, and rights.

Business Meaning and Definition
(n.) That which busies one, or that which engages the time, attention, or labor of any one, as his principal concern or interest, whether for a longer or shorter time; constant employment; regular occupation; as, the business of life; business before pleasure.
(n.) Financial dealings; buying and selling; traffic in general; mercantile transactions.
(n.) Care; anxiety; diligence.
(n.) That which one has to do or should do; special service, duty, or mission.
(n.) The position, distribution, and order of persons and properties on the stage of a theater, as determined by the stage manager in rehearsal.
(n.) Any particular occupation or employment engaged in for livelihood or gain, as agriculture, trade, art, or a profession.
(n.) Affair; concern; matter; -- used in an indefinite sense, and modified by the connected words.

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