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YO my vintage car just went up in value. I am so excited! I am going to add the new value to my balance sheet.
What is that !
Is it a bird? Is it a plane? No it is the accounting machine.
I am here to save you from crucial accounting mistakes. According to the cost principle you may only put assets on the balance sheet at cost price.
Thank you for saving us!
I am the accounting machine and I patrol the streets keeping everyone safe from accounting violations.
Some green guy just told me that I can keep my personal affairs and accounting for my business together.
Don't make this simple accounting mistake. According to the business entity concept accounting for a business organization separate from personal affairs of its owner. Who told you guys this?
This green guy who seemed very confident.
I wonder who this green guy is and why is he telling these lies.
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