Keeping the records of the business separate from the personal records of the owner of the business is said to be in adherence to which accounting principle or concept?

Continuing-concern concept

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Business entity principle

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Realization principle

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Objectivity principle

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Solution

The correct option is B
Business entity principle

Keeping the records of the business separate from the personal records of the owner of the business is said to be adherence to Business Entity Principle.

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