Accountancy, asked by anisha64, 1 year ago

why buisness is a seperate entity from its owner ????
plz help me......!!!!!!!

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Answers

Answered by kushalgowtham

Answer:

An accounting concept which treats a business separately from its owner. The separate entity assumption states that the transactions conducted by a business are separate to those conducted by its owners. For example, if a business owner bought an asset for their personal use, the asset is not the property of the business.

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why buisness is a seperate entity from its owner ????
plz help me......!!!!!!!