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Indian Economy - Understanding the basics of Indian economic system
According to which accounting principle personal expenses of proprietor are recorded in drawings account.
Money measurement
Matching
Prudence
Business Entity Concept
According to business entity concept business is different from owners and it is treated as a separate unit or entity apart from owners. Personal expenses of proprietor will be recorded in drawings because it may be an expenses which relate to business entity .
By: santosh ProfileResourcesReport error
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