Abstract
All businesses, however small, require some form of accounting. The most straightforward example of a firm or business would be a sole trader — a man or woman in business, buying and selling goods with the intention of making a profit. The transactions which are the business dealings of the firm are kept completely separate from those of the owner of the business.
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© 1989 Margaret Nicholson
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Nicholson, M. (1989). An Introduction to Assets, Liabilities and Capital. In: Accounting Skills. Palgrave, London. https://doi.org/10.1007/978-1-349-10853-4_1
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DOI: https://doi.org/10.1007/978-1-349-10853-4_1
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-49156-0
Online ISBN: 978-1-349-10853-4
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