Question

1 point
4. The business is liable to the
proprietor of the business in respect
of capital introduced by the person
according to
O (a) Money measurement concept
(b) Cost concept
0 (c) Business entity concept
0 (d) Dual aspect concept
Clear selection​

Answer 1

Option C business entity concept is the answer.

Explanation:According to Business entity concept, a business is treated as a separate entity and is distinct from its owners. In other words, the owner of the business is always considered as distinct and separate from business he owns. While recording transactions a distinction has to be made between personal transaction and business transactions and transaction have to be recorded from business point of view and never from the view point of owners.Hope it helps u

Answer 2

Answer:

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