Why is appointment of a managing director is not recorded in the book of account
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Answered by
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) :(
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
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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