The accounting principle that states companies and owners should be account for separately?

Question

1. Business Entity Concept

2. Going Concern Cencept

3. Monetary Unit Assumption

4. Periodicity Assumption

Mark Angelo Damuag · Answer

1. Business Entity Concept.............................

Ahmed Abdi Mahad · Answer

choice #1, business entity concept is the right answer for this question.

Vipin Bhaskar · Answer

Business Entity concept.. Treat the owner and the business as different entity. In other words Business is a separate legal entity.

Wasim khan wazir · Answer

A....................................

mehfooz alam khan habib khan · Answer

Option1 is the right answer ........

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Mr-Utkarsh Mittal · Answer

Which accounting principle that status companies and should be accounted separately

Said Shaban · Answer

The accounting principle is Business Entity Concept.