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Question
Keeping the records of the business separate from the personal records of the owner of the business is said to be in adherence to which accounting principle or concept?
Options:
A .  Continuing-concern concept
B .  Business entity principle
C .  Realization principle
D .  Objectivity principle
Answer: Option B
:
B
Keeping the records of the business separate from the personal records of the owner of the business is said to be adherence to Business Entity Principle.

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