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The accounting principle that states companies and owners should be account for separately?

1. Business Entity Concept

2. Going Concern Cencept

3. Monetary Unit Assumption

4. Periodicity Assumption

Principals Accounting Accounting and Finance
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Question added by Mehboob Ali Laghari , Social Mobilization Team Incharge , TRDP-European Union
Date Posted: 2015/07/14
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Mark Angelo Damuag
by Mark Angelo Damuag , Financial Analyst , Evacare Management Consultancy Inc

1. Business Entity Concept.............................

Ahmed Abdi Mahad
by Ahmed Abdi Mahad , Director of Internal Auditing Directorate , Jigjiga University

choice #1, business entity concept is the right answer for this question.

Vipin Bhaskar
by Vipin Bhaskar , Associate Director - F&A Controlling for Regions / Supplier Ecosystem Services , EY

Business Entity concept.. Treat the owner and the business as different entity.  In other words Business is a separate legal entity.

Wasim khan wazir
by Wasim khan wazir , Finance Specialist , Mott Macdonald

A....................................

mehfooz alam khan habib khan
by mehfooz alam khan habib khan , Security Incharge , Landmark Group (Emax)

Option1 is the right answer ........ ..........

Mr-Utkarsh Mittal

Which accounting principle that status companies and should be accounted separately

Said Shaban
by Said Shaban , Accountant , Tri State Materials Testing

The accounting principle is Business Entity Concept.

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