In the preparation of account, the owners of the business...
In the preparation of account, the owners of the business and the business concerned are treated as
Partners
Joint venture
The same person
Separate legal entities
Correct answer is D
The business entity concept state that business is treated as a separate entity from parties having proprietary or economic interest in it.
The conventional sources of public revenue includes ...
Use the following information to answer the given question. \(\begin{array}{c|c} & ₦\\ \hli...
July 1 - Started business with #10,500 July 31- Paid Agromachinex #6,000 owing them The double ...
Other operating expenses for the period is ...
The two column cash book records ...
In the absence of a partnership deed, the act stipulates that ...
July 30 Closing stock 100 units at N90 July 8 Purchased 200 units at N95 July 10 Sold 160 units J...