why buisness is a seperate entity from its owner ????
plz help me......!!!!!!!
KushalWalker:
ok friend
hiii
hi
ok ill try
do u know the answer
@akahat I think u did improve your answer
kushal
I'm tired of being moderator
this is my other account
so before some of us delete it edit it
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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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