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In preparing accounting records, the owners of a business and the business are treated as

In preparing accounting records, the owners of a business and the business are treated as
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Partners.
  • B The same person
  • C Separate legal entities
  • D Having business relationship
Correct Answer: Option C
Explanation:
The business entity concept treats the owner and the business as separate from each other.

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