Answer Posted / baadshah
As mentioned in the previous posts that the business should
be considered different drom the sole properioter or the
owner of the business but the thing which we need to c here
is that why?????
the simple reason being that when we talk about the company
its not only the money of the properoiter but also the
money of those shareholders which are a liability towards
the company
so a properoiter cannot use the mony which is invested in
the company and if it happens then these transactions
should be properly posted in the books of accounting
| Is This Answer Correct ? | 23 Yes | 10 No |
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