The fact that a business is separate and distinguishable from its owner is in accordance with which concept?

Prudence

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Consistency

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Dual Aspect

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Business Entity

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Solution

The correct option is D
Business Entity

Keeping the records of the business separate from the personal records of the owner of the business is in accordance with business entity concept.

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The fact that a business is separate and distinguishable from its owner is in accordance with which concept?

The correct option is D Business Entity Keeping the records of the business separate from the personal records of the owner of the business is in accordance with business entity concept.

The correct option is D
Business Entity

Keeping the records of the business separate from the personal records of the owner of the business is in accordance with business entity concept.