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Summary Of The Quesadilla's Mexican Cafe

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Summary Of The Quesadilla's Mexican Cafe
The accounting entity assumption holds that the reporting entity (The Quesadilla’s Mexican Café), is distinct from its owner and all other entities.

The transaction on the 2nd of June was a personal one. In line with the accounting entity assumption, Mr Antonio’s personal expenses using his own funds are not relevant to the accounting for the business.
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