According to which accounting principle personal expenses of proprietor are recorded in drawings acc...........

Accountancy (11th) Chapter-2 Theory base of Accounting

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According to which accounting principle personal expenses of proprietor are recorded in drawings account.

Money measurement

Matching

Prudence

Business Entity Concept

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Explanation:

According to business entity concept business is different from owners and it is treated as a separate unit or entity apart from owners. Personal expenses of proprietor will be recorded in drawings because it may be an expenses which relate to business entity .