Which accounting concept or principle states that the transactions of a business must be recorded separately from those of its owners or other businesses? a. Time period concept of accounting. b. Matching principle of accounting. c. Materiality concept of accounting. d. Business or economic entity concept of accounting.

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A:

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Q: Match the transaction to the basis of accounting used by the business

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Q: What requirement is imposed by the double-entry system in the recording of any business transaction?

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