In the debate of cash vs accrual accounting, learn which method of accounting is the best for your small business. Every small business must make a choice between two accounting methods--the cash method or the accrual method. The difference between the two is how and when you record income and expenses.
Full Definition of IDENTITY. 1. a: sameness of essential or generic character in different instances b: sameness in all that constitutes the objective reality of a thing: oneness. 2. a: the distinguishing character or personality of an individual: individuality b: the relation established by psychological identification.3. 4.xamples of IDENTITY. 1  The identity of the criminal is not known. 2  They produced their passports as proof of their identities. 3  They arrested the wrong man. 4  As children grow, they establish their own identities. 5  people who seem to lack individual identity. 6  His art reflects his cultural identity.
id definition. In Freudian theory, the part of the psyche associated with instinctual, repressed, or antisocial desires, usually sexual or aggressive. In its efforts to satisfy these desires, the id comes into conflict with the social and practical constraints enforced by the ego and superego. (See also pleasure principle.)