Recorded example sentences

However, when a company makes a sale or purchase, whether on cash or credit, or pays salary it is recorded in the books of account.Thus, business transactions are exchanges of economic consideration between parties and have two-fold effects that are recorded in at least two accounts.If in the above example, credit sales had been duly recorded in the sales book but the posting from sales book to Mohan s account has not been made, it would be an error of partial omission.Communication : The economic events are identified, measured and recorded in order that the pertinent information is generated and communicated in a certain form to management and other internal and external users.This is why they usually keep a cash book in which all receipts and payments are duly recorded.In accounting, the terms — debit and credit indicate whether the transactions are to be recorded on the left hand side or right hand side of the account.; simply have a passing reference in these books and the entries relating thereto are recorded as usual in the journal.This transaction was correctly recorded in the cashbook.They are unofficial, spontaneous, unrecorded, spread very fast and usually distorted.Identification : It means determining what transactions to record, i.e., to identity events which are to be recorded.If the cheque is deposited on another day, in that case, on the date of receipt it is treated as cash received and hence recorded in the cash column on the receipts side.The summers are warm with temperatures of around 20°C, while in winter -20°C has been recorded in Winnipeg, Canada.For example, in the Receipt and Payment account for the year ending on March 31, 2007, we record the total subscriptions received during 2006–07 including the amounts related to the years 2005–2006 and 2007-200 Similarly, taxes paid during 2006–07 even if they relate to the years 2005–06 and 2007–2008 can also be recorded in this account of 2006-0 It includes all receipts and payments whether they are of capital nature or of revenue nature.The book in which the transaction is recorded for the first time is called journal or book of original entry.For example, the value of human resources, changes in managerial policies or appointment of personnel are important but none of these are recorded in books of account.