Ted Leo is the proprietor (owner) of Teds a retailer of golfapparel. When record

Ted Leo is the proprietor (owner) of Teds a retailer of golfapparel. When recording the financial transactions of Teds Teddoes not record an entry for a car he purchased for personal use.Ted took out a personal loan to pay for the car. What accountingconcept guides Teds behavior in this situation?