According to which of the following concepts even the owner of the business who provides capital tre......

Accountancy (Phase -I & II) Accounting as a financial information system Add to Study Deck

According to which of the following concepts even the owner of the business who provides capital treated as a creditor of the business?

Convention of disclosure..

Entity concept.

Cost concept.

Money measurement concept.

Explanation:

The business is liable even to the owner for its profits

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???

Why can't it be entity concept please explain ...

Here, I feel 'entity concep't is the right answer, what you say mam?

Answer should be entity concept mam

Even the owner is treated as creditor ... shouldn't it be entity concept where company and owner are treated as separate entity?

Entity concept

Answer should be Business entity concept

According to me ,this is entity concept

ans sholud be entity concept

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