The business entity assumption means that a business is accounted for separately from other business entities.
举一反三
- The business entity assumption means that a business is accounted for separately from other business entities, including its owner or owners.
- The assumption that states any business needs to be accounted for separately from other business entities, including its owner or owners is: A: Time-period assumption. B: Business entity assumption. C: Monetary unit assumption. D: Going-concern assumption.
- The accounting concept that requires every business to be accounted for separately from other business entities, including its owner or owners is known as the: () A: Going-concern<br/>assumption. B: Business entity assumption. C: Objectivity principle. D: Cost<br/>Principle.
- The accounting concept that requires every business to be accounted for separately from other business entities, including its owner or owners is known as the: A: Time-period assumption. B: Revenue recognition principle. C: Measurement (Cost) principle. D: Business entity assumption. E: Going-concern assumption.
- The idea that a business be accounted for separately and independently from its owner or owners is known as the ( ) A: business entity principlw B: Objective principle C: going-concern principle D: revenue recoginition principle