Question

Give any two example of transaction which are not recorded in count with two with reasons

Answer 1

Answer:

NON MONETARY TRANSACTIONS

A quarrel between the production manager and the sales manager will not be recorded since its monetary effect cannot be measured with a fair degree of accuracy.

PERSONAL TRANSACTIONS

Rent paid by the proprietor for his house for his own pocket will not be recorded in the books of accounts unless it is paid from the cash withdrawn from business

Explanation:

Hope it helps.Thanks

Answer 2

Answer:

i think above answer is right....

have a great day.....