the accounting records are made in the book of accounts from the point of view of the _____and not of the owner
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Keeping this in view, when a person brings in some money as capital into his business, in accounting records, it is treated as liability of the business to the owner. The accounting records are made in the book of accounts from the point of view of the business unit, and not that of the owner.
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=> The accounting records are made in the boom of accounts from the point of view of the buisness unit and not of the owner.
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