Which of the following statements about the entity concept is not correct? a. The entity concept requires

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Which of the following statements about the entity concept is not correct?

a. The entity concept requires the preparers of accounts to treat the organisation as a separate entity from that of the owners.

b. The entity concept was known during the early Islamic State.

c. Accountants should record owner personal expenses to comply with the entity concept.

d. An economic entity can be any organisation or unit in an economy.

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