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The owner of a business takes goods from inventory for his own personal useWhich of...

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The owner of a business takes goods from inventory for his own personal use

Which of the following accounting concepts would be relevant to this transaction?

A.

Prudence

B.

Going concern

C.

Accruals

D.

Separate entity

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  • Update on: Jul 29, 2025
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TESTED 03 Aug 2025