Exam (elaborations)
10 BASIC ACCOUNTING PRINCIPLES AND GUIDELINES(FULLY SOLVED)
- Course
- Accounting Principles
- Institution
- Minnesota School Of Business
Economic Entity Assumption Allows the accountant to keep the sole proprietor's business transactions separate from the owner's personal transactions even though a sole proprietorship is not legally separate from the owner. Monetary Unit Assumption An accounting guideline where the U.S. dol...
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