The proprietor of the business is treated as creditor for the capital introduced by him due to_____ concept.
A)Money measurement
B)Cost
C)Entity
D)Dual aspect

Question

Quizplus · Accepted Answer

The proprietor of the business is treated as a creditor for the capital introduced by him due to the "Entity" concept. This accounting principle distinguishes the business as a separate entity from its owner, meaning the owner's capital contribution is considered a liability to the business.

The Proprietor of the Business Is Treated as Creditor for the Capital