The allocation of owner 39 s private expenses to his her business violates which of the following nb...........

Quantitative Aptitude (Pb Patwari) Accountancy

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The allocation of owner's private expenses to his/her business violates which of the following?

Accrual concept

Matching concept

Separate business entity concept

Consistency concept

Explanation:

The allocation of owner's private expenses to his/her business violates Separate business entity concept. The business entity concept states that the transactions associated with a business must be separately recorded from those of its owners or other businesses.