Question

Which of the following transactions are of financial character and will be recorded in the books of
accounts?
a) Credit purchase of goods.
b) Strike by employees.
c) Interviewing the candidates for employment.
d) Goods worth ` 5,000 taken from the business and given by the proprietor to his friend as gift.
e) Sale of household furniture ` 2,000.

Answer 1

a) Credit purchase of goods.

d) Goods worth ` 5,000 taken from the business and given by the proprietor to his friend as gift.

Explanation:

The credit purchase of goods and Goods worth ` 5,000 taken from the business and given by the proprietor to his friend as gift are transactions which are of financial character and will be recorded in the books of accounts.

The strike by employees and Interviewing the candidates for employment and Sale of household furniture ` 2,000 are transactions which are not of financial character and will not be recorded in the books of accounts.

To know more:

Which of the following transactions are not of financial character and why?

https://brainly.in/question/13623613

Only financial transactions are recorded in Accounting. Explain this statement.

https://brainly.in/question/363350

Answer 2

Answer:

b. strike by employees