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Because the one owner is personally liable for debts and Buy Sofa Set Online in connection with the business, no special guidelines are wanted to guard its creditors past the strange provisions of bankruptcy legislation. Accounting is the measurement, processing, and communication of financial information about economic entities such as businesses and companies. The modern field was established by the Italian mathematician Luca Pacioli in 1494. Accounting, which has been called the "language of business", measures the results of a corporation's financial activities and conveys this data to a big selection of customers, together with investors, collectors, management, and regulators. The terms "accounting" and "financial reporting" are often used as synonyms. Some businesses are subject to ongoing particular regulation, for instance, public utilities, investment securities, banking, insurance, broadcasting, aviation, and well being care suppliers. E