Marian Mosely Is the Owner of Mosely Accounting Services

question 9

Multiple Choice

Marian Mosely is the owner of Mosely Accounting Services.Which accounting assumption requires Marian to keep her personal financial information separate from the financial information of Mosely Accounting Services?

• A)Monetary unit assumption
• B)Going-concern assumption
• C)Cost assumption
• D)Business entity assumption
• E)None of these.Since Marian is a sole proprietor,she is not required to separate her personal financial information from the financial information of Mosely Accounting Services

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Definitions:

Business Plan

A document that outlines a company's future objectives and strategies for achieving them, often crucial for securing financing.

Business Plan

A detailed document outlining the goals, strategies, market, and financial forecasts of a business, serving as a roadmap for business development and securing funding.

Road Map

A strategic plan or guideline designed to achieve specific long-term goals, often used in project management, product development, and strategic planning.

Planning

The process of making plans for something, including setting goals and deciding how to achieve them.