The accounting concept that states that a firm ... - WAEC Accounting 2015 Question
The accounting concept that states that a firm's financial affairs must be separated from that of the owner's private transactions is
A
Business entity
B
Going concern
C
Consistency
D
Duality
correct option: a
The business entity concept states that the transactions associated with abusiness must be separately recorded from those of its owners or otherbusinesses.
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