WAEC Accounting 2013 Objective — Question 18
Question 18 of 50 from the West African Examinations Council (WAEC) Accounting 2013 Objective paper, with the correct answer and a full explanation.
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A business is treated as being separate from the owners. This statement is emphasized by
- A. consistency concept
- B. going concern concept
- C. business entity conceptCorrect
- D. realization concept
Explanation
The business entity concept states that a business is an entity different from the owner.
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