Sasha owns a bakery.In her accounting records,she includes her car-which is solely used for personal purposes.Which principle is Sasha violating?

Question

Quizplus · Accepted Answer

Sasha is violating the business entity principle, which states that a business is a separate entity from its owner(s) and should be treated as such in accounting records. This means that personal assets of the owner, such as a personal car, should not be included in the business's accounting records.

Sasha Owns a Bakery