8. Charlotte Webb, president and owner of the Always Music Company, bought a computer for her personal

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8. Charlotte Webb, president and owner of the Always Music Company, bought a computer for her personal use. She paid for the computer by using company funds and debited the

“Computers” account.

Identify the assumption, principle, or constraint that has been violated.

(SO 4, 5, 6)

Instructions For each of the above, list the assumption, principle, or constraint that has been violated, if any. List only one term for each case.

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Financial Accounting

ISBN: 9780470128848

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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