Accounting · Accounting Concepts and Principles
The concept which assumes that a business has its own identity distinct from its owners is known as the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Dual Aspect Concept
- 2Matching Concept
- 3Accrual Concept
- 4Separate Entity Concept✓
Correct answer
Separate Entity Concept
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Accounting Concepts and Principles MCQs →Want more practice questions on Accounting Concepts and Principles?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Accounting Concepts and Principles