Separate entity concept"An accounting principle which states that business should be considered as a separate entity from its owner's" 1-true 2-False

Question added by Mohamed Abdelrahman , Senior Accountant , Msafat Company
Date Posted: 2015/05/11

Upvote (1) Views (3) Followers (2) Answers (2) Report Question

by Ahmed Abdi Mahad , Director of Internal Auditing Directorate , Jigjiga University

Business entity concept is an accounting concept which states that business should be considered as a separate entity from its owners.

So, choice #1 - True is the correct answer

by Mohamed Abdelrahman , Senior Accountant , Msafat Company

True is the correct answer

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