Regarding accounting information and records,a proprietorship is an entity entirely separate from its:
A) stockholders.
B) vendors.
C) customers.
D) proprietor.

Question

Quizplus · Accepted Answer

In a proprietorship, there is only one owner or proprietor, and their personal and business finances are not separated legally. Therefore, the proprietorship is not a separate entity from the proprietor, and all accounting information and records will be tied to that individual.

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