A firm has received a large order of supply goods. will it be recorded in the books of account of the firm? give reason
Answers
Answered by
48
Answer:
No.
Explanation:
Only transactions that results in actual resource flow is recorded. Order receiving will materialise into sales when goods are delivered or handed over to the buyer. So, this thing is not recorded in accounting records, however, it will be entered in sales order book, which is not part of accounting system.
Answered by
0
Answer:
no it cannot be recorded
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