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  • What accounting concept states that business records must...
Multiple choice

What accounting concept states that business records must be kept separate from personal?

  1. Business Entity

  2. Objective Evidence

  3. Unit of Measurement

  4. Going Concern

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The business entity concept requires that the financial affairs of the business be kept separate from the personal financial affairs of the owner.

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