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.
Consequently, Weinreich gives the definition A person's identity is defined as the totality of one's self-construal, in which how one construes oneself in the present expresses the continuity between how one construes oneself as one was in the past and how one construes oneself as one aspires to be in the future; this allows for definitions of aspects of identity, such as: One's ethnic identity is defined as that part of the totality of one's self-construal made up of those dimensions ...