The generally accepted accounting principle that indicates that accounting and financial statements are based on the concept that each business maintains its own set of accounts and that these accounts are separate from those of the owners is the ______________.
A) business entity principle
B) separate concern principle
C) consistency principle
D) conservatism principle
Correct Answer:
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Q1: According to the generally accepted accounting principles
Q2: The generally accepted accounting principle that supports
Q4: The generally accepted accounting principle that indicates
Q5: According to the generally accepted accounting principles,
Q6: The generally accepted accounting principle that indicates
Q7: The generally accepted accounting principle that indicates
Q8: The Green Hotel bought some kitchen equipment
Q9: Which option contains the four major business
Q10: Which one of the following activities DOES
Q11: Which of the following items WILL NOT
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