Thursday, 16 March 2017

NCERT Class XI Accountancy: Chapter1 – Introduction to Accounting - Part6

Class XI NCERT Accountancy Text Book Chapter 1 Introduction to Accounting is given below.

1.1.3 Organisation
Organisation refers to a business enterprise, whether for profit or not-forprofit motive. Depending upon the size of activities and level of business operation, it can be a sole-proprietory concern, partnership firm, cooperative society, company, local authority, municipal corporation or any other association of persons.

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