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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

Accounting S Corporations
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Question added by Mohamed Abdelrahman , Senior Accountant , Msafat Company
Date Posted: 2015/05/11
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Ahmed Abdi Mahad
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

Mohamed Abdelrahman
by Mohamed Abdelrahman , Senior Accountant , Msafat Company

True is the correct answer

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