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  2. Topic
    Business
  3. Study Set
    Accounting for Non Specialists
  4. Exam
    Exam 2: Measuring and Reporting Financial Position
  5. Question
    Which of the Following Conventions Dictates That a Sole Owner's
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Which of the Following Conventions Dictates That a Sole Owner's

Question 3

Question 3

Multiple Choice

Which of the following conventions dictates that a sole owner's personal transactions should not be included in the records of the business?


A) Accounting period.
B) Business entity.
C) Prudence.
D) Historic cost.

Correct Answer:

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