which statement relating to ethics is not corr

Which assumption is the basis upon which the personal assets of the owner are excluded from the businesses balance sheet? 7. a. Going concern b. Accounting entity Limited liability Accrual basis d. 8. The type of accounting that deals with the collection, allocation and control of costs in an a. b. c. d. organisation is called: Budgeting Cost accounting Internal auditing None of the above 9. A busines ransaction creating an nflow of net asses esulting from the sale of goods on services is a(n): a. Expense transaction b. Income transaction c. Cash disbursement d. Capital transaction