The accounting assumption that states an owner of a business must keep the business checkbook separate from the personal checkbook is called? Monetary Unit Assumption Gong Concern Assumption Matching Principle Economic Entity Assumption

The accounting assumption that states an owner of a business must keep the business checkbook separate from the personal checkbook is called? Monetary Unit Assumption Gong Concern Assumption Matching Principle Economic Entity Assumption

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 4MC: Which of the following terms is used when assuming a business will continue to operate in the...

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The accounting assumption that states an owner of a business must keep the business checkbook separate from the personal checkbook is called?

Monetary Unit Assumption

Gong Concern Assumption

Matching Principle

Economic Entity Assumption

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