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aalyn [17]
3 years ago
13

What is the best answer choice

Business
1 answer:
Scrat [10]3 years ago
3 0
The answer to that would be B.
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The separate-entity assumption is a principal in accounting according to which the financial transactions of a business and the personal expenses of the owners is to kept separate from each other. The expenses derived solely for the business is only to be counted under the expenses of the company. Inclusion of any personal expenses of the owner or any partner of the business is prohibited under this principal.  

In the given excerpt, the owner of Shady Grove Company had violated the separate-entity assumption by including the expenses of his personal items under the name of the Company.

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I hope that's help:)

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