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April 21, 2014

Homework Help: Accounting

Posted by Sam on Friday, July 18, 2008 at 6:15pm.

Hi,

Please would it be possible to advise me on this problem?

Should asset purchases be included as expenses if they are paid form personnal savings and not a business acount? I need to know if I should include them on a summary of a businesses income and expenses.

Many thanks for any help

or is this an initial investment of his own money and should not be included in the business accounts?

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