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</html><description>WHAT IS THE ENTITY CONCEPT? This is where a business is usually seen and treated as a separate party from the business; so, the records of the business must be kept separate from the personal records of the owner of the business. The entity concept states that business transactions must be separately recorded from those ... Read More</description><thumbnail_url>https://blogger.googleusercontent.com/img/a/AVvXsEjiLi4xWbALTcAV2n3GcmR-vvPWmMYuUq3CkLuHd4aU0vOvlLCVUxNiTy-YGPTb6AuClrCYBjnnWJ7NSbdp-vB_4RDru-dFsTLC3ZVm_L9geOiY9mYB9fzQZ9_8G5Oaf8NGdV7742GuDj9aEIKrRQWFdzbXvjIjZ9MRYUJltQ9FvOmvAjGzH8qbu2YLY-U=w474-h266</thumbnail_url></oembed>
