Assumption requires every business to be accounted for, Business Management

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Assumption requires every business to be accounted for

Assumption requires every business to be accounted for separately from the owner. Personal and business-related transactions are kept apart from each other. In other words, the separate personal transactions of owners and others are not commingled with the reporting of the economic activity of the business.

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Business Management: Assumption requires every business to be accounted for

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