Introduction:
Accounts recording is an essential aspect of any business organization. It helps to keep track of all financial transactions, which is crucial for decision-making and financial analysis.

Answer:
Accounts recording involves the recording of financial transactions, which includes all monetary transactions of the business. However, it also includes non-financial transactions that have an impact on the business's financial position.

Financial Transactions:
Financial transactions include cash transactions, credit transactions, and other monetary transactions that affect the business's financial position. Examples of financial transactions include sales, purchases, expenses, income, and investments.

Non-Financial Transactions:
Non-financial transactions include all transactions that do not involve money, but have an impact on the business's financial position. Examples of non-financial transactions include depreciation, amortization, and inventory adjustments.

Personal Transactions:
Personal transactions of the proprietor are not included in accounts recording as they are not related to the business's financial position. Personal transactions are the transactions that the proprietor makes for personal use, such as personal expenses, investments, and loans.

Conclusion:
Accounts recording involves the recording of financial and non-financial transactions that affect the business's financial position. It is essential to keep accurate records of all transactions to make informed decisions and analyze the business's financial position. Personal transactions of the proprietor are not included in accounts recording as they are not related to the business's financial position.

Only financial transactions i.e transactions which can be measured in terms of money are recorded in books of accounts.