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State where will the non-cash transactions be recorded at the time of issue of shares, if all cash transactions are entered in the Cash Book. - Accounts

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Question

State where will the non-cash transactions be recorded at the time of issue of shares, if all cash transactions are entered in the Cash Book.

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Solution

Non-Cash transactions will be recorded in Journal/Journal Proper.

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Chapter 6: Company Accounts - Issue of Shares - SHORT ANSWER QUESTIONS [Page 6.151]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 6 Company Accounts - Issue of Shares
SHORT ANSWER QUESTIONS | Q 50. | Page 6.151
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