Accountancy, asked by umaimakhalid86371, 1 year ago

Why is appointment of a managing director is not recorded in the book of account

Answers

Answered by SwatiAg
15
As it isn't a business transaction

To be a business transaction, it must satisfy the 1st any any of the rest 2

1) It shpuld have a monetary value
2) It should bring a change in the financial position of the enterprise
3) (sry I dont remember) :(
Answered by 10dtryneerajcb26
1

Answer:

It cannot be added in the books of accounts

Explanation:

Because it is not business transractions ( according to money measurement concept)

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