Business entity concept?

Answers were Sorted based on User's Feedback

Business entity concept?..

Answer / payalgupta

business entity concept treats a business as distinct &
seprate from its owner.This is an accounting principle
which says affairs of owner is seprate from its buinesss

Is This Answer Correct ?    14 Yes 0 No

Business entity concept?..

Answer / sumitra.raghavan

businees and owner r 2 seperate entity

Is This Answer Correct ?    0 Yes 1 No

Post New Answer

More Accounting General Interview Questions

Differance between US GAAP and UK GAAP?

0 Answers  

What is mean by authorized capital of company.?

3 Answers   Mphasis,

i have 100 rupees. how i can divide in 21 note who is equal to 100 rupees??

3 Answers   Klash Private Limited,

what is the mean of amountisation

1 Answers  

What is budget variance analysis?

1 Answers  

what is IPO

13 Answers   Bank Of America,

wat is auto accounting

1 Answers   Meru Cabs, TATA,

Increase in one equity with no change in the asset will result in .................... of another equity

1 Answers  

difference between banker's cheque and cheque

1 Answers  

what is golden accounting rules

3 Answers   HCL,

Can u please send me a set of accounting base questoin with answer,genraly ask by interviewer?

0 Answers   Wipro,

adjustment entry showing in tally such as outstanding salary prepaid salary etc.

0 Answers