Examlex
An inability to recognize stimuli (e.g., faces) or understand the meanings of common words is generally called ________.
Business Entity Assumption
A principle that requires a business to be accounted for separately from its owner or other businesses, ensuring that the company's financial statements reflect only its own operations and financial position.
Personal Automobile
A vehicle intended for private use by individuals rather than for commercial or industrial purposes.
Sole Owner
An individual who has full ownership and control over a business, bearing all the risks and benefits of the entity.
Accounting Equation
The fundamental principle of accounting that states assets equal liabilities plus owners' equity, serving as the foundation for double-entry bookkeeping.
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