Advertisement
Advertisement
Advertisement
MCQ
True or False
State whether the following statement is True or False with reasons.
Book Keeping records monetary and non-monetory transactions
Options
True
False
Advertisement
Solution
This statement is False.
In the books of accounts, only financial transactions are to be recorded. Means non-monetary transactions are not be recorded.
Concept: Specimen Or Format of Journal
Is there an error in this question or solution?
