Question
The accounting records of a small business must be kept separate from the personal finances of the owner. Which ONE of the terms below matches
The accounting records of a small business must be kept separate from the personal finances of the owner. Which ONE of the terms below matches the definition/description just given?
Arms-length
Stable monetary measure
Going concern assumption
Historical cost convention
Entity concept
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Management Accounting
Authors: Anthony A. Atkinson, Robert S. Kaplan, S. Mark Young, Rajiv D. Banker, Pajiv D. Banker
3rd Edition
9780130101952
