Give two examples of transactions which are not recorded in accounting…??
1) NON MONETARY TRANSACTIONS\xa0For eg, A quarrel between the production manager and the sales manager will not be recorded since its monetary effect cannot be measured with a fair degree of accuracy.\xa02) PERSONAL TRANSACTIONS\xa0For eg, Rent paid by the proprietor for his house from his own pocket will not be recorded in the books of accounts unless it is paid from the cash withdrawn from business.
1.Change in bank details. 2. change in address of creditors.