Alicia owns a sporting goods store.In her accounting records,she included her personal computer and all of her personal sporting gear.Alicia is violating what principle of accounting?

Question

Quizplus · Accepted Answer

Alicia is violating the business entity principle of accounting, which states that the owner's personal assets should not be mixed with the assets of the business. Personal assets should be kept separate from business assets for reliable and accurate financial reporting.

Alicia Owns a Sporting Goods Store