Understanding Business and Legal Concepts in Commerce

Dealer's Address

Article 40: The domicile of an individual is the place where he lives with the intention to stay. The general address of the trader is the place where its principal establishment is located.

Article 41: When a trader establishes shops in different places, each of these is considered a special address for businesses that are conducted there by himself or by others.

Article 42: Individuals who serve at the home or work of others have the same address as the person they serve, or for those who work, if they are living in the same place.

Article 43: The place chosen for the execution of an act of trade has a special home for everything related to that act and the obligations that would result.

Key Business Concepts

• Assets: All you need is cash, bank accounts, and debtors receivable.
• Capital: The (assets + rights - obligations).
• Tax: A type of tax (general liabilities, pecuniary in favor of the tax creditor) governed by public law. It arises from the taxing state's power, as per the Constitution, for the purpose of financing its expenditures.
• Contributions: Bringing goods to the society of which one is a member.
• Social Security: These values are calculated through rates (2: *a* by the worker and *b* by the employer).
• BPS: A liability account reflecting the obligations of the company compared to BPS contributions for workers and the enterprise.
• BSE: A liability account that reflects the obligation of the company against accidents at work.

Accounting Practices

Daily Book

The daily entries and closure are done immediately to the same balance as we take a seat. It is required by law according to Article No. 55.

Entry

A commercial operation is to write down who is the debtor and who is the creditor.

Types of Entries

• Entry for opening the book
• Entry for input box
• Credit purchases
• Loss

Paper Stock

This is the detailed statement of all that a trader has and should have in a financial year, i.e., the balance sheet date. It consists of 2 main parts: assets (what you have) and liabilities (what is owed). It is required by law according to Article No. 55, is signed by the owners or the company, and is valid for one year.

Finance

The whole body which is responsible for organizing the regular state assets and tax liabilities. Public finance is the set of assets and income that are the heritage of the state. It is called the Ministry of Finance.