The concept which states that the affairs of a ... - WAEC Accounting 2016 Question
The concept which states that the affairs of a business is to be treated as being separate from the private activities of the owner is
A
Realization concept
B
Business entity concept
C
Cost concept
D
Dual aspect concept
correct option: b
The business entity concept states that the transactions associated with a businessmust be separately recorded from those of its owners or other businesses.
Please share this, thanks:
Add your answer
No responses