Business enterprise is separate from its owner according to _____ concept.

Related MCQs

• The proprietor of the business is treated as creditor for the capital introduced by him due to_____ concept.
• Any partner who investments in the business but does not take active part in the business is:
• Human resources will not appear in the balance sheet according to ______ concept.
• Small items like, pencils, pens, files, etc. are written off within a year according to ___ concept.
• According to which concept, the proprietor pays interest on drawings
• Which accounting concept specifies the practice of crediting closing stock to the trading account?
• The policy of anticipate no profit and provide for all possible losses arise due to the concept of _____
• Cost concept basically recognises ____
• The Market price of good declined than the cost price. Then the concept that plays a key role is ____
• As per accrual concept, which of the followings is not true