Question

What is business entity concept?
(don't copy)​

Answer 1

hey dear!!!

according to this principle business and Businessman is and separate entity business is separate from its owner

hey hope it will help you please mark as brainliest

Answer 2

The business entity concept states that the transactions associated with a business must be separately recorded from those of its owners or other businesses. Doing so requires the use of separate accounting records for the organization that completely exclude the assets and liabilities of any other entity or the owner.