Qualitative transactions are not recorded in accounts due to _________.

Dual Concept

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Accrual Concept

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Money Measurement Concept

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None of the Above

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Solution

The correct option is C Money Measurement Concept
The money measurement concept states that business should record only those transactions which can be expressed in terms of money. Only quantitative transactions are recorded. To be a financial record, a transaction should be capable of being expressed in terms of money.

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