Regarding accounting information and records,a proprietorship is an entity entirely separate from its:

Question

Quizplus · Accepted Answer

A proprietorship is a type of business entity in which the owner and the business are considered as one entity. As such, the proprietorship is not separate from its proprietor. Therefore, choice C is the correct answer. The other options such as customers, vendors, and shareholders are separate from the proprietorship and can be considered as external entities.

Regarding Accounting Information and Records,a Proprietorship Is an Entity Entirely