A

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Q. Which accounting concept assumes that the business is separate from its owner?

  • (A) Money Measurement Concept
  • (B) Business Entity Concept
  • (C) Accrual Concept
  • (D) Going Concern Concept
  • Correct Answer - Option(B)
  • Views: 14
  • Filed under category Accounting
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Explanation by: Admin
The Business Entity Concept treats the business as distinct from its owner for accounting purposes.

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