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Explain the Meaning of the Business Entity Assumption

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Essay

Explain the meaning of the business entity assumption.


Definitions:

Angular Blocks

Fragments of rock with sharp edges that have been broken off a larger mass by processes such as faulting or erosion.

Rock Powder

Finely ground rock that can be used as a soil amendment to provide minerals and nutrients for plant growth.

Sand

A grain or rock fragment smaller than 2 mm and larger than 1/16 mm.

Rounded Stones

Stones with smooth edges and surfaces typically resulting from extended water or wind erosion and abrasion.

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