Simply Accounting

Jim Brown quits his job and starts his own company to do small construction contracts. The company is called National Construction and is a proprietorship. A proprietorship is a business which keeps accounting Jim Brown quits his job and starts his own company to do small construction contracts. The company is called National Construction and is a proprietorship. A proprietorship is a business which keeps accounting records separate from those of its owner but is not legally separate from its owner. On February 1, 1995, Brown deposits $50,000 in National Construction's bank account. more