What accounting principle did you apply in recording

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Reference no: EM133264888

Case: Cesar Vasquez, a businessman, has the following personal properties: Cash, P100,00 Land, P200,000; building, P1 1,500,000 and car P500,000. He invested his cash and car an eatery The other assets of the eatery were purchased and paid for using the invested cash: furniture and fixtures, P30,000; equipment, P60,000, and supplies, P5,000.

Question: What accounting principle did you apply in recording the assets of the business Required: List down the assets of the eatery.

Reference no: EM133264888

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