The concept which states that the affairs of a business i...
The concept which states that the affairs of a business is to be treated as being separate from the private activities of the owner is
Realization concept
Business entity concept
Cost concept
Dual aspect concept
Correct answer is B
The business entity concept states that the transactions associated with a businessmust be separately recorded from those of its owners or other businesses.
Which of the following is a fictitious asset? ...
Debts that a firm is unable to recover are debited to bad debts account and credited to ...
The correct entry to reflect the receipt of cash sent by a branch to a head office is ...
Carriage inwards on raw materials is recorded in the ...
What are accounting entries for bad debts recovered? ...
Which of the following is not a unit of the computer? ...
i. Direct materials ii.Direct labour iii.Direct expenses iv. Factory expenses Prime cost consi...