Accounting does not record non-financial transactions because of

Continuity concept

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Accrual concept

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Money measurement concept

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Cost concept

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Solution

The correct option is C
Money measurement concept

Hence, the correct option is Money measurement concept.

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Similar questions

Accounting records business transactions and events which are of a financial nature.Is this a limitation of accounting?

According to accrual concept of accounting, financial or business transaction is recorded:

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