Khushal Khan
New member
1) “Ferrari auto services” an automotive repair business owned by Mr. Amir, an experienced auto mechanic. (2) “Rainbow graphics” a graphic art designing consulting partnership firm owned by Mr. Adnan and Mr. Sami (3) The “Xen Ltd” a manufacturing concern operating for last ten year in the region.
Despite of the facts that above businesses are legally different from each other, discuss how and why accounting treats them alike? (Your answer should be maximum to 2 or 3 lines).
Despite of the facts that above businesses are legally different from each other, discuss how and why accounting treats them alike? (Your answer should be maximum to 2 or 3 lines).