WAEC Accounting 2020 Objective — Question 18
Question 18 of 50 from the West African Examinations Council (WAEC) Accounting 2020 Objective paper, with the correct answer and a full explanation.
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The accounting concept which distinguishes an enterprise from its owners is A. money measurement concept. B. dual aspect concept. C. going concern concept D. business entity concept.
- A. money measurement concept
- B. dual aspect concept
- C. going concern concept
- D. business entity conceptCorrect
Explanation
The business entity concept states that a business concern is a distinct entity, separate from its owner(s).
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