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A concept of accounting that indicates that the financial records of the business should be kept separate from the personal financial records of the business owner is the ________________________. Group of answer choices business entity concept cost concept proprietorship concept asset concept

A concept of accounting that indicates that the financial records of the business should be kept separate from the personal financial records of the business owner is the ________________________. Group of answer choices business entity concept cost concept proprietorship concept asset concept

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 1MC: That a business may only report activities on financial statements that are specifically related to...
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A concept of accounting that indicates that the financial records of the business should be kept separate from the personal financial records of the business owner is the ________________________.
Group of answer choices
business entity concept
cost concept
proprietorship concept
asset concept
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