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Financial Statements and Accounting Transactions
?
Keeping the records of the business separate from the personal records of the owner of the business is said to be adherence to which accounting principle or concept?
Continuing-concern concept
Business entity principle
Realization principle
Objectivity principle
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (B)
Business entity principle
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