Accounting · Accounting Principles
Which principle is violated when a business owner uses entity funds to pay for a personal vacation and records it as a business travel expense?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Going Concern Principle
- 2Money Measurement Principle
- 3Business Entity Principle✓
- 4Conservatism Principle
Correct answer
Business Entity Principle
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