Question

Marian Mosely is the owner of Mosely Accounting Services. Which accounting principle requires Marian to keep her personal financial information separate from the financial information of Mosely Accounting Services?
A.Monetary unit principle
B.Going-concern principle
C.Cost principle
D.Business entity principle
E.None of these. Since Marian is a sole proprietor, she is not required to separate her personal financial information from the financial information of Mosely Accounting Services.

Answer

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