Accountancy, asked by srijuthakuri777, 1 month ago

meaning of business entities concept​

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Answered by mrsanjusingh78
1

Answer:

The business entity concept states that the business is separate from the owner(s) of the business. Therefore the accounting records for even the simplest business, the sole trader, must be kept separate from the personal affairs of the owner or owners.

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Answered by kumariheena123456789
1

The business entity concept states that the business is separate from the owner(s) of the business. Therefore the accounting records for even the simplest business, the sole trader, must be kept separate from the personal affairs of the owner or owners.

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