Which of the following concepts (or principles) would dictate that a person with three different businesses keep three different bank accounts?
A) Cost principle
B) Going- concern concept
C) Entity concept
D) Matching principle
Correct Answer:
Verified
Q36: GAAP refer to the set of accounting
Q41: Which of the following is NOT a
Q42: Lindsey Smith decided to start her own
Q43: Which of the following concepts (or principles)would
Q44: The assets and liabilities of Matt Wesley
Q45: Caleb Brown has been the sole owner
Q47: Recognising an expense as an asset in
Q48: The owners' claims to the assets of
Q50: Which of the following concepts (or principles)require
Q51: Bill Rogers has three different businesses. He
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents