Thanks to your video. I have a question that: If the company's revenue in financial statement is higher than actual amount, what account principle that the company has violated?
It basically means that the owner of the company and the company and separate legal entities. All transactions must be recorded from the viewpoint of the company, not the owner. The owner is not the company, and the company is not the owner. Hope that helps.
Thanks for ur video.Its really helpful❤
Very well explained .Thankyou
Ty bro im writing an exam tomorrow
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Thanks so much 😊
Most welcome ☺️
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Thank you 🙏🏽
Thanks to your video. I have a question that: If the company's revenue in financial statement is higher than actual amount, what account principle that the company has violated?
Yes
Thank you bro i am writing exam in 2 hours 😂
Best of luck 🤞
What about a business entity
It basically means that the owner of the company and the company and separate legal entities. All transactions must be recorded from the viewpoint of the company, not the owner. The owner is not the company, and the company is not the owner. Hope that helps.