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Hey man make sure you record the things your business buys for what the actual price was. its called the cost principle
wow thanks, that's good to know.
Maybe thats why my balance sheets have been messed up.
hey you better make sure that your building gets revalued every few years to make you balance sheets accurate.
I think my business is going under what do I do?
Then you keep on going on with your financial statements, this is called the going concern concept.;
I've been cheating my finances to make my monthly spendings equal haha.
Hey, Im the CICA and your arrested.
I love stealing from my company it makes me rich and I dont have to pay taxxes hehe.
Hey your a bad guy and should go to jail for that. I' calling the CICA
When I value my assets I take the highest number possible to make it look like I make lots of money.
That's messed up man. Your violating the Principle of conservatism
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