Answer:
d.the entity is an individual economic unit for which data are recorded, analyzed, and reported
Explanation:
The business entity concept -
According to this concept , the transactions and all the financial records , must be recorded all together , separate from the personal transactions , is referred to as the business entity concept .
Therefore , a separate accounting tool is adapted to the business purpose .
By adapted this method , the data and information can be recorded separately and hence can be easily analysed and report
Hence , from the question ,
the correct option is d.
