Question
Mr. Krabs purchases a new boat for himself with his own money and records it as a transaction on his business, the Krusty Krab's, journal.
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Mr. Krabs purchases a new boat for himself with his own money and records it as a transaction on his business, the Krusty Krab's, journal. Which accounting concept or principle has Mr. Krabs violated?
Materiality concept
Time period concept
Matching principle
Economic entity concept
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Inside Accounting The Sociology Of Financial Reporting And Auditing
Authors: David Leung
1st Edition
1138251178, 9781138251175
