Explain the following Accounting concepts
a) Business entity concept
b) Accrual concept
c) Money measurement concept
d) Periodicity concept 

 

Word Count : 520

---

a) Business entity concept:

The business entity concept is a fundamental accounting principle that states that a business is a separate entity from its owners. This means that the personal financial affairs of the owners or shareholders should be kept separate from the financial transactions of the business. As a result, the financial transactions of the business are recorded separately from the personal financial transactions of the owners or shareholders.

This concept is essential because it ensures that the financial statements of the business reflect the true financial position of the business and not the personal financial position of the owners or shareholders. By keeping the financial affairs separate, it becomes easier to track the financial performance of the business and make decisions based on the information provided by the ____________ ___________ __________ __________ _____ __ __ ____________ ___________.
________ ___________ _____ __________ _________ __ _______ __________ _________ ____ _____ __________ _________ __ ___.
__ _______ __________ ___________ ___ ___________ _______ ____________ ____ ____ __ __ __ __.
__ ____ ___ ____ __________ _____________ _____ ____________ ____ ______ ______ ___.
_____ __ ____________ ___ _____________ ___________ ________.
___ ____ ____ ___ _____ _____ _____________ ___ _______ _____.
__ __________ __ _______ _____ __________ ____ _________ ___ ______ _______ ____ ______ _______.
__________ ____________ __ __________ _____ ______ ______ _________.
____ _______ ____ _________ ____________ __ _____________ _______ ____ _____ __________ __________ _________ ____________.
_________ _______ __________ ___________ ____ ________ _____________ ______.
___ _____ __ _________ ______ ___________ ____ _____ _______ ________.
____ ___________ __ _______ _________ _____________ ______.
_______ ________ _____ ________ ______ ____________ ___ ____________ _________ __ __ ___ ___________.
__ ______ ____________ _______ ______ _____________ ________ ____________ ______.
_____ _________ _____________ _______ ____ _____________ ____ _____ __ _____________ _______ _______ _____________ __________.
__________ ____ _____ __ ___________ ___________.
__________ ___________ ____________ _________ _____________ ______ _____________ ___ ___________.
_____________ ________ ________ ____________ _____ _____ _____.
_________ _______ _________ ____________ _____________ ____________ ________ _________ _____________ _____ ________ _____________.
____ _____ ________ ______ _______ __ _____________ _______ _____.
______ ________ ______ ___________ ____________ _______ _____________ _________ ________ __ _________.
__ _________ ____________ _________ __ ____________ ____ _____________ ___ __________ __________ __.
______ __________ __________ _______ _____ _______ __________ __________ _________ ____ __ __.
_______ _________ _________ ___ _____ _________ _________ ____.
_____________ _____ ___ __ __________ _____________ _______ __________.
___ ____ _______ ____ _____ __ _____________.
_____ _________ ____________ ______ _______ ____ ___ ___ _________ ________ _____ ________ _________ ________.
_________ __________ __ __________ ___________ ______ _______ ______ ___________ ____ ________ ___________.
___ ___ _________ _________ _________ ___________ ___ ________ _________ ___________ ____________ __.
__ ___________ _____ __ _____ __________ ___ _______.
____ _____ ____________ ________ ____________ __________ __.
___________ ___ _________ _____________ ____________ __________ ____ ___ __________ ______ ______ _________.
______ ______ ______ __ ____________ ____________ _____________ __ _____ __________ ________ _____ ______.
___________ ______ _______ ____ __ __ __________ __ ____________ _________ __________ ___________ __________ ______ _______.
____ ________ _______ _______ _________ _____________.
_____ ___________ ____ ____ ______ ________ __________ __ ___________ ____________ ______.
____________ __ ________ ____ __________ ________ __.
____________ _________ ___ ______ ___________ _____ ______.
_________.
Click Here to Order Full Assignment on WhatsApp

Degree : MASTER DEGREE PROGRAMMES
Course Name : Master in Business Administration
Course Code : MBA
Subject Name : Accounting and Finance for Managers
Subject Code : MS 4
Year : 2023