Capital account comes under which concept?

The correct answer is: A. Separate entity concept.

The separate entity concept is a fundamental accounting concept that states that a business is a separate entity from its owners. This means that the business’s financial statements should reflect the financial performance of the business, not the financial performance of its owners.

The separate entity concept is important because it allows investors and other users of financial statements to assess the financial health of a business without being confused by the financial affairs of its owners.

The other options are incorrect because:

• The accounting period concept is the
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