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.
A: Time-period assumption.
B: Revenue recognition principle.
C: Measurement (Cost) principle.
D: Business entity assumption.
E: Going-concern assumption.
举一反三
- 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 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 business entity assumption means that a business is accounted for separately from other business entities, including its owner or owners.
- The idea that a business be accounted for separately and independently from its owner or owners is known as the() A: objectivity principle B: business entity principle C: going-concern principle D: revenue recognition principle
- The idea that a business be accounted for separately and independently from its owner or owners is knows as ( ) A: objectivity principle B: business entity principle C: going-concern principle D: accounting period principle