State whether a large order of supply of goods received by the firm be

1.	State whether a large order of supply of goods received by the firm be recorded in books.
Answer» No because it does not affect the financial position of business No No,\xa0it is not a transaction.Only transactions that results in actual resource flow is recorded. Order receiving will materialise into sales when goods are delivered or handed over to the buyer. So, this thing is not recorded in accounting records, however, it will be entered in sales order book, which is not part of accounting system.

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