Which of the following business event is not considered a recordable transaction?
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Which of the following is a business event that is not considered a recordable?The correct answer is B. A customer places an order for a product.
Which type of transaction are not recorded?According to the money measurement concept, any transaction which cannot be measured in monetary value will not be recorded in the books of account.
Which of the following is not considered as a business transaction?Purchase of car for personal use is not relating to business and is not a business transaction.
Which of the following events is not a transaction that would be recorded in a company's accounting records?retained earnings statement and balance sheet only. Which of the following events is not recorded in a company's accounting records? Issuing a note in exchange for cash.
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