Question

The Business Entity concept means that
A)

Answer 1

Answer:

Under the business entity concept, a business holds separate entity and distinct from its owners. " The entity view holds the business 'enterprise to be an institution in its own right separate and distinct from the parties who furnish the funds" An example is a sole trader or proprietorship.

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Answer 2

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BUSINESS ENTITY is an organization that's formed to conduct business.

⠀⠀⠀⠀Types Of Business Entities

• Sole proprietorship
• Partnerships
• Corporations
• LLC
• Government Entities