According to which concept the owner of the business is considered creditor of the business: a) Money measurement concept b) Dual Aspect concept c) Separate entity concept d) Going concern concept

here are the answers to the questions from the image:

1. According to which concept the owner of the business is considered creditor of the business:

   • The Separate Entity Concept states that the business is treated as distinct and separate from its owner(s). Therefore, the owner's capital contribution is considered a liability of the business to the owner.
   • The correct option is c).

   c) Separate entity concept

2. A concept that a business enterprise will not be sold or liquidated in near future is known as:

   • The Going Concern Concept assumes that a business will continue to operate indefinitely in the foreseeable future and will not be liquidated.
   • The correct option is a).

   a) Going concern

3. According to the Going concern concept the time period of Business is:

   • The Going Concern Concept implies that the business has an indefinite life, meaning it is not expected to wind up in the near future.
   • The correct option is b).

   b) For un- certain life time

4. Financial statements are regularly made after a fixed period usually a year, this concept is based on:

   • The Accounting Period Concept requires that the economic life of an enterprise is divided into artificial time periods (e.g., a year) for the purpose of preparing financial statements and assessing performance.
   • The correct option is a).

   a) Accounting Period