22. Keeping the records of the business separate from the personal records of the owner of the business is said to be adherence to which accounting principle or concept? a. Continuing-concern concept. b. Business entity principle. c. Realization principle. d. Objectivity principle. 23. Assets total $50,000 and Liabilities total $10,000. The equity of the business must total a. $4,000. b. $40,000 c. $400. d. $40. 24. If during the accounting period the assets increased by $5,000, and the owner's equity increased by $1,000, then the liabilities must have a.increased by S6,000. b. increased by S4,000 c. decreased by $4,000. d. decreased by $6,000. 25. Which of the following statements about a journal is false? a. It is not a book of original entry. b. It provides a chronological record of transactions. c. It helps to locate errors because the debit and credit amounts for each entry can be readily compared. d. It discloses in one place the complete effect of a transaction