Question

Resignation by a marketing manager is not recorded in the books of accounts. Comment.

Answer 1

Explanation on recording of resignation of Marketing Manager in the books of A/c

Explanation:

• In the given case,it has been stated that the Marketing Manager had resigned from his post and such resignation was not recorded in the books of Accounts of the organisation.

• The treatment of such resignation,of not recording it,by the organisation is correct and justified.

• In the books of accounts,only those transactions are recorded which can be expressed in monetary terms ignoring the qualitative aspects of such transactions.

• The resignation of Marketing Manager is a case of Human Resource Management and therefore,cannot be recorded in the books of accounts.

Answer 2

Answer:

• In the given case,it has been stated that the Marketing Manager had resigned from his post and such resignation was not recorded in the books of Accounts of the organisation.
• The treatment of such resignation,of not recording it,by the organisation is correct and justified.
• In the books of accounts,only those transactions are recorded which can be expressed in monetary terms ignoring the qualitative aspects of such transactions.
• The resignation of Marketing Manager is a case of Human Resource Management and therefore,cannot be recorded in the books of accounts.

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Explanation: