A

Admin • 833.24K Points
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Q. Which concept assumes that the business and owner are two separate entities?

  • (A) Money Measurement Concept
  • (B) Business Entity Concept
  • (C) Going Concern Concept
  • (D) Dual Aspect Concept
  • Correct Answer - Option(B)
  • Views: 14
  • Filed under category Accounting
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Explanation by: Admin

Business Entity Concept treats the business and its owner as separate, requiring distinct accounts.

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