Solved: How can increase cash and revenues, Accounting Basics

How can increase cash and revenues

Response to the following problem:

In February 2012, Betty King invested an additional $10,000 in her business, King's Pharmacy, which is organized as a proprietorship. King's accountant, Leroy James, recorded this receipt as an increase in cash and revenues. Is this treatment appropriate? Why or why not?

Make sure you use enough details to support your answer.

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Accounting Basics: How can increase cash and revenues

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Accounting Basics: How can increase cash and revenues

Reference No:- TGS02068213

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