Items are recorded only in terms of money. Those cannot be expressed in terms of money are not included in the books of accounts. Which concept does this comply with?

Business Entity

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Dual Aspect

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Cost concept

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Money Measurement

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Solution

The correct option is D
Money Measurement

It complies with money measurement concept.

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Similar questions

Which of the following can be recorded in the books of account as per money measurement concept in accounting?

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