The accounting concept that states that a firm's fina...
The accounting concept that states that a firm's financial affairs must be separated from that of the owner's private transactions is
Business entity
Going concern
Consistency
Duality
Correct answer is A
The business entity concept states that the transactions associated with a business must be separately recorded from those of its owners or other businesses.
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Given: N Direct material - 10 000 Direct labour - 5000 Direct expenses - 2000 Factory overhead -...
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