Balance Sheet: In-Depth Explanation with Examples

A sole proprietorship is a simple form of business where there is one owner. However, for accounting purposes the economic entity assumption results in the sole proprietorship’s business transactions being accounted for separately from the owner’s personal...

Balance Sheet: In-Depth Explanation with Examples

A sole proprietorship is a simple form of business where there is one owner. However, for accounting purposes the economic entity assumption results in the sole proprietorship’s business transactions being accounted for separately from the owner’s personal...