What limits the economic data in the accounting system to data related directly to the activities of the business?

Question

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The business entity concept requires that a business be treated as a separate economic unit from its owners, meaning that only data related directly to the activities of the business itself should be recorded and considered in the accounting system. This limits the economic data to be relevant to the business' financial performance and excludes any personal financial information of the owners.

What Limits the Economic Data in the Accounting System to Data