Should the following transactions be recorded and why?
a. The owner of a company purchases a computer for personal use
b. A company provides services to one of its customers on account.
c. A company purchases a machine and pays with cash.
d. A company places an order with one of its supplier for inventory to be shipped next month.

Question

Should the following transactions be recorded and why?
a. The owner of a company purchases a computer for personal use 
b. A company provides services to one of its customers on account.
c. A company purchases a machine and pays with cash. 
d. A company places an order with one of its supplier for inventory to be shipped next month.

Quizplus · Accepted Answer

The Answer of Should the following transactions be recorded and why?
a. The owner of a company purchases a computer for personal use 
b. A company provides services to one of its customers on account.
c. A company purchases a machine and pays with cash. 
d. A company places an order with one of its supplier for inventory to be shipped next month.

Should the Following Transactions Be Recorded and Why