Question

appointment of an efficient a manager is not included in accounting records. why? State the relevant accounting principle

Answer 1

Dear Student
Appointment of an efficient manager is not included in accounting records because of money measurement principle.
Money Measurement Principle states that in accounting generally, every recorded event or transaction is measured in terms of money, the local currency monetary unit of measure.

Since appointment of efficient manager is a qualitative concept and cannot be measured in monetary terms, therefore it is not recorded in books.
Regards