A basic assumption of accounting that requires activities of an entity be kept separate from the activities of its owner is referred to as the

Question

A basic assumption of accounting that requires activities of an entity be kept separate from the activities of its owner is referred to as the
a.stand alone concept.
b.monetary unit assumption.
c.corporate form of ownership.
d.economic entity assumption.

Accepted Answer

d.economic entity assumption.

Question : A basic assumption of accounting that requires activities of...