Welcome to Westonci.ca, the ultimate question and answer platform. Get expert answers to your questions quickly and accurately. Explore our Q&A platform to find reliable answers from a wide range of experts in different fields. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.
Sagot :
The answer is Business Entity Assumption.
A business entity assumption is an accounting principle.
It is a term used to refer to declaring the separation of every financial record of the business from any of the financial records of its owners or that of other businesses.
In other words, we assume that the business has its own identity which is different from that of the owner or other businesses.
Hence, The accounting concept that requires every business to be accounted for separately from other business entities, including its owner or owners is known as the Business Entity Assumption.
Learn more about Accounting Principle:
https://brainly.com/question/17095465
#SPJ4
Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.
