Question
Which assumption is the basis upon which the personal assets of the owner are excluded from the business's balance sheet? a. Accounting entity b. Limited
Which assumption is the basis upon which the personal assets of the owner are excluded from the business's balance sheet?
a.
Accounting entity
b.
Limited liability
c.
Going concern
d.
Accrual basis
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Forensic And Investigative Accounting
Authors: Crumbley D. Larry, Fenton Edmund D., Jr. Smith G. Stevenson
9th Edition
0808053221, 9780808053224
