Answer in One Sentence :

What is ‘Money Measurement Concept’?

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Solution

According to the money measurement concept, only those transactions that can be measured in terms of money are recorded in the books of accounts. If any business transaction cannot be measured in terms of money, then it will not be recorded in the books of accounts.

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Answer in One Sentence : What is ‘Money Measurement Concept’?

According to the money measurement concept, only those transactions that can be measured in terms of money are recorded in the books of accounts. If any business transaction cannot be measured in terms of money, then it will not be recorded in the books of accounts.

Answer in One Sentence :

What is ‘Money Measurement Concept’?