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I am not able to provide personal financial information.
The accounting principle that requires Marsha to keep her personal financial information separate from her business financial information is the Entity Concept, also known as the Business Entity Principle. This principle states that a business's financial activities must be accounted for separately from the personal financial activities of its owners or stakeholders. By adhering to this principle, Marsha ensures clarity and accuracy in her financial reporting, thus providing a true representation of the business's financial position.
Information about personal financial planning can be found online from many different resources. Some examples of these resources include CNN and AICPA.
Learn more about personal financial from your mom or your dad. Personal finance is easy to find out about from various websites and thousands of people to ask.
Entity Concept
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I do not have access to personal financial information about individuals.
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Get StartedThe Personal Financial Statement can be used to organize information about the assets and liabilities of you and your spouse, and also to present information about your income and expenses. This statement can be useful if you are applying for credit and can either be used to present information to your lender or as an attachment to your credit application itself. Sometimes a financial statement is needed in working with a financial planner. You might also use it when preparing college financial aid documents for a child.