what business entity concept ?
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Answer / r sumitra
business and the owner are two seperate entity
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Answer / raghu.aps eveing v b.com
Business entity concept is refer to Individual mater of Business and proprietor is separate from business ,not record
any pvt mater of owner s in the business
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Answer / syed
Business entity concept is one of the type of accounting
concepts followed by the accountants in india while
preparing the financial statements. Generally business is
ongoing and continous process. Business is different from
the entity for evauluating the financial position of the
business.
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