Mel Green is the proprietor (owner) of Green's, a retailer of athletic apparel. When recording the financial

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Question:

Mel Green is the proprietor (owner) of Green's, a retailer of athletic apparel. When recording the financial transactions of Green's, Mel does not record an entry for a car he purchased for personal use. Mel took out a personal loan to pay for the car. What accounting assumption guides Mel's behaviour in this situation?

periodicity concept

reporting entity concept

monetary unit concept

going concern assumption