Social Studies, 23.04.2020 20:16 robbiegfarmer
Juan has an accounting philosophy according to which he keeps the loans borrowed from the business separate from the loans he takes from banks for his own purposes. Which of the following basic accounting concepts is reflected in Juan's accounting philosophy?
A. The business entity idea
B. The going concern expectation
C. The accounting equation
D. The revenue and expense premise
Answers: 3
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Juan has an accounting philosophy according to which he keeps the loans borrowed from the business s...
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