Question

which type of transaction are recorded in books of accounts​

Answer 1

Answer:

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Explanation:

When a cashbook is maintained, transactions of cash are not recorded in the journal, and no separate account for cash or bank is required in the ledger. The single column cash book records all cash transactions of the business in a chronological order, i.e., it is a complete record of cash receipts and cash payments.

Also remember that only those business transactions which concern money and can be expressed in monetary terms are recorded in the books of account. For example, if a company buys a computer for Rs 50,000, this is a transaction concerning money (receipt or payment); hence, it will be recorded in the books of account.

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Answer 2

Hey ! Only monetary transactions are recorded in books of accounts . Monetary transactions are those transactions which can be measures in terms of money . Quantitative transactions are recorded and qualitative transactions are not revorded in the books of account