In February 2020, Xia Lin invested an additional 12,000 in her business, Lins Pharmacy, which is organized

Question:

In February 2020, Xia Lin invested an additional ¥12,000 in her business, Lin’s Pharmacy, which is organized as a proprietorship. Lin’s accountant, Sal Costa, recorded this receipt as an increase in cash and revenues. Is this treatment appropriate? Why or why not?

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