The business entity concept requires that a business is treated as being separated from its owners. True or False?

Question

rabia bashir · Answer

yes, it is true business is treated as a separate legal entity.

abdelaziz allam · Answer

true ..................................

Binod Ghaley · Answer

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Duncan Robertson · Answer

A business may or may not be a separate entity from its owners: it is a matter for the owners to decide.

By definition, a limited company is a separate entity from its owners but a partnership is not.