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what is business entity concept?

Answer Posted / swapna

Business entity concept: It is one of the main accounting
principle of accounting this concept says that Business
should be treated seperately from the properitor or investor
In simple words owner of the business should be treately
sepreatly from the business what ever profits come in to
the business should be taken in company account.

Is This Answer Correct ?    176 Yes 21 No



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