The allocation of owner's private expenses to his/her business violates which of the following?

A Accrual concept
B Matching concept
C Separate business entity concept
D Consistency concept

Correct Answer: Separate business entity concept

The allocation of owner's private expenses to his/her business violates Separate business entity concept. The business entity concept states that the transactions associated with a business must be separately recorded from those of its owners or other businesses.
Bissoy MCQ
#Commerce #Accounting

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