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Accounts (Principles of Accounts) · Accounting concepts and conventions

Accounts (Principles of Accounts)Accounting concepts and conventionsWAEC

The concept that treats a business as separate from its owner is the

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Answer: A. business entity concept

Only the business's transactions are recorded, not the owner's private affairs.

An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.

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