Read the case carefully then briefly state your position
whether Mr. Juan has violated the concept of Separate entity or
Accounting entity concept when he decided to put up the business in his
house.
CASE STUDY
Mr. Juan is a retired government employee who is good at baking.
One day he decides to put up a bakery shop in your barangay.
He renovates a portion of his house to serve as the area to
produce bread. He purchases baking equipment and raw
materials to produce five different types of bread. Mr. Juan also
hires Jose to help him with the baking and, at the same time, to
be in-charge of sales. Mr. Juan pays Jose on a weekly basis.
Every day, Mr. Juan’s wife deposits the daily cash sales in their
bank account at XY Savings Bank.
Answers
Answered by
1
Answer:
what is this very much more questions
Similar questions