A

Admin • 833.24K Points
Coach

Q. Which concept prohibits recording of owner’s personal assets in business books?

  • (A) Going Concern
  • (B) Business Entity
  • (C) Money Measurement
  • (D) Matching
  • Correct Answer - Option(B)
  • Views: 17
  • Filed under category Accounting
  • Hashtags:

Explanation by: Admin

Business Entity Concept treats business and owner as two separate entities.

You must be Logged in to update hint/solution

Discusssion

Login to discuss.

Be the first to start discuss.