Joke Collection Website - Talk about mood - Does the business owner pay his daughter's tuition for school belong to the accounting scope of the business accounting entity?

Does the business owner pay his daughter's tuition for school belong to the accounting scope of the business accounting entity?

Not exactly.

The scope of enterprise financial settlement is limited to the company's financial access, and the owner does not need the company's money to pay her daughter's tuition. It is not necessary to belong to the legal person's own family affairs.

The hypothesis of accounting subject stipulates the spatial scope of accounting. Accounting subject refers to the specific object of accounting service and the spatial scope of enterprise accounting confirmation, measurement and reporting. In order to reflect the financial status, operating results and cash flow of enterprises to users of financial reports and provide useful information for their decision-making.