Question

Only significant events which affect the business must be recorded as per the principle of

Answer 1

Explanation:

Accounting events can be either external or internal. An external event involves an outside party and includes such things as the purchase or sale of a good.

An internal event involves other changes that need to be reflected in the accounting entity's records.

Answer 2

Explanation:

Only the significant events which affect the business must be recorded as per the principle of. (a) Separate Entity.