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23 April, 06:49

To include the personal assets and transactions of a business's owner in the records and reports of the business would be in conflict with the:

A. Objectivity principle B. Realization principle C. Business entity principle

D. Going-concern principle

E. Revenue recognition principle

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Answers (1)
  1. 23 April, 07:04
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    C. Business entity principle

    Explanation:

    A business entity principle is one that states the transactions that are linked to a business must have a separate record-keeping and form those who are owners of the other business. Thus separates the records for the organization of the business and excludes the assets and the liabilities of the other owners of the business.
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Home » Business » To include the personal assets and transactions of a business's owner in the records and reports of the business would be in conflict with the: A. Objectivity principle B. Realization principle C. Business entity principle D.
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