Accounting records transactions and events that can be measured in money terms. In

reference to this statement, an accounting is a limitation or an advantage? Support your

answers with the reasons and examples.

b. Resignation given by the Marketing Manager is not recorded in the books of accounts.why?

c. 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