Non economic events are not recorded in the books of account. This is according to which concept? (2024)

1

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Money Measurement Concept

Non-economic ...

A

Credit

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C

Cost concept

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D

Money Measurement

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Solution

The correct option is D

Money Measurement

According to the money measurement concept, any transaction which cannot be measured in monetary value will not be recorded in the books of account.


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Non economic events are not recorded in the books of account. This is according to which concept? (7)

Non economic events are not recorded in the books of account. This is according to which concept? (8)

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GAAP and Basic Accounting Concepts

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Non economic events are not recorded in the books of account. This is according to which concept? (2024)
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