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“Business unit is separate and distinct from the owner of it”, is based on ?

<p><strong>a. Money measurement concept </strong></p> <p><strong>b. Going concern concept </strong></p> <p><strong>c. Business entity concept </strong></p> <p><strong>d. Dual aspect concept </strong></p> <p> </p>

Accounting Financial Accounting Bookkeeping Bank Accounting
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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2014/10/20
Upvote (5) Views (15) Followers (7) Answers (8) Report Question
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Neeraj Chopra
by Neeraj Chopra , Finance Manager , Jaidah Energy LLC

C is the answer as owner & his business are two separate entities.

FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

c. Business entity concep

Kashif Imam
by Kashif Imam , Zonal Manager , hamdard laboratories (Waqf) Pakistan

D- IS THE ANSWER

 

georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

The Answer C

MOSTAFA ABDEL FATAH IBRAHIM
by MOSTAFA ABDEL FATAH IBRAHIM , Financial Accountant , Dar El Salam For Manufacturing And Importing

 the answer is C - Business entity concept  which separate between the entity and its owner

Khaled Mohee Eldeen Abbas Mahmoud
by Khaled Mohee Eldeen Abbas Mahmoud , Chartered Accountant # 10465 , Self-employed

C

shujah uppal
by shujah uppal , BANKING SERVICE OFFICER , ALLIED BANK LTD

c is the right option

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