For accounting purposes, the business entity should be considered separate from its owners if the entity is
A) a corporation
B) a proprietorship
C) a partnership
D) all of these

Question

Quizplus · Accepted Answer

All types of business entities (corporation, proprietorship, and partnership) should be considered separate from their owners for accounting purposes to ensure accurate financial reporting and accountability.

For Accounting Purposes, the Business Entity Should Be Considered Separate