Question

Accounting period concept money gives management concept short notes bca

Answer 1

Answer:

This concept assumes that all business transactions must be in terms of money, that,s in the currency of a country.In our country such transactions are in terms of rupees.Thus, as per the money measurement concept , transactions which can be expressed in terms of money.

Explanation:

for example, sale of goods worth rs.200000, rent paid rs.10000 etc.are expressed in terms of money,and so they are recorded in the books of assets.

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