Buessnes

"This concept states that a business should be treated as a separate entity different from its owners, Distinction has to be made between the personal transactions of ownersand those of the entity." Which of the following is the accounting concept defined in the paragraph above? Select one: a. Business Entity O b. Going Concern O c. none of the above O d. Dual aspect Previous page Finish attempt ... Which of the following account have debit (Dr.) as normal balance Select one: a. Drawings b. Profit c. Liabilities O d. Capital Previous page Next page The business will continue in existence and will not be liquidated based on the following accounting concept? Select one: a. Historical Cost O b. Money Measurement O c. Dual Aspect O d. Going concern