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Harman [31]
2 years ago
11

The economic entity assumption requires that the activities of an entity be kept separate and distinct from the activities of it

s owner and all other economic entities.
a. True
b. False
Business
1 answer:
exis [7]2 years ago
7 0

Answer:

The correct answer is letter "A": True.

Explanation:

In <em>Accounting</em>, the entity principle states that the activities of the company must be recorded separately from the activities of the company's owners. By doing so, all the assets and liabilities of the firm will be excluded from the ones that the owners possess.

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