Explain Money Measurement Concept?

1.	Explain Money Measurement Concept?
Answer» Money MEASUREMENT Concept: According to this concept, only those transactions find PLACE in the accounting records, which can be expressed in TERMS of money. This is the major drawback of FINANCIAL accounting and financial statements. Money Measurement Concept: According to this concept, only those transactions find place in the accounting records, which can be expressed in terms of money. This is the major drawback of financial accounting and financial statements.

Answer»

Money MEASUREMENT Concept:
According to this concept, only those transactions find PLACE in the accounting records, which can be expressed in TERMS of money. This is the major drawback of FINANCIAL accounting and financial statements.

Money Measurement Concept:
According to this concept, only those transactions find place in the accounting records, which can be expressed in terms of money. This is the major drawback of financial accounting and financial statements.

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Explain Money Measurement Concept?

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