From an accounting viewpoint, when is a business considered as an entity separate from its owner(s)?...
From an accounting viewpoint, when is a business considered as an entity separate from its owner(s)?
Select one:
a. Only when organized as a sole proprietorship.
b. Only when organized as a partnership.
c. Only when organized as a corporation.
d. A business is always considered as an accounting entity separate from the activities of the owner(s).
Homework Answers
According to business entity concept business is considered as an entity seperate from its owner's
In this question option d is correct
A business is always considered as an accounting entity seperate from the activities of the owners
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From an accounting viewpoint, when is a business considered as
an entity separate from its owner(s)?...
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