When an owner invest $10,000 in the company, we understand that cash decreases from the owner's perspective.
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When an owner invest $10,000 in the company, we understand that cash decreases from the owner's perspective. However, from the stand point of the company cash increases An accounting treatment that is done from the company's standpoint and that increases cash is consistent with the going-concern assumption measurement principle revenue recognition principle business entity assumption.
Related Book For
Intermediate Accounting
ISBN: 978-0071339476
Volume 1, 6th Edition
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
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