Service company
A service company (hereinafter, the Company) is a legal entity that provides one or more services. The Company is not necessarily a service provider.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Service company. An organization that provides one or more services.
According to Managerial Accounting by Braun, Tietz (5th edition),
- Service company. A company that sells intangible services rather than tangible products.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
