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  1. business
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  3. which of the following is not recorded in the book

Which of the following is not recorded in the books of accounts? And why? i....

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Accounting

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Which of the following is not recorded in the books of accounts? And why? i. Sales of goods ii. Payment of salary iii. Quality of staff Give an example for the following type of transactions that will: i. Increase an asset and increase capital ii. Increase an expense and increase a liability iii. Increase an asset and decrease another asset iv. Increase an expense and decrease an asset V. Increase an asset and increase a revenue You are required to record the transactions, identify the accounts involved in the transactions and state the nature of each account. Also mention how it increases or decreases the accounts for the transactions by applying the debit and credit rules. Give examples of transactions took place in an electronics store. Record these transactions in a purchase book and return outwards book. i. Electronic items purchased for cash (2 transactions) ii. Electronic items purchased on credit (4 transactions) iii. Electronic items purchased with trade discount (1 transaction) iv. Electronic items purchased with cash discount (1 transaction) v. Electronic items purchased on credit but returned to the supplier for defects (2 transactions)

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