Answered: 61. This principles states that the…

61. This principles states that the owner of the business is separate from the identity of the business itself. Monetary Unit Accounting Entity Accrual Basis of Accounting Periodicity Concept

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter2: Analyzing Transactions: The Accounting Equation

Section: Chapter Questions

Problem 3TF: According to the business entity concept, nonbusiness assets and liabilities are not included in the...

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61. This principles states that the owner of the business is separate from the identity of the business itself.

Monetary Unit

Accounting Entity

Accrual Basis of Accounting

Periodicity Concept

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