example of money measurements concepts
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The money measurement concept states that a business should only record an accounting transaction if it can be expressed in terms of money. ... Examples of items that cannot be recorded as accounting transactions because they cannot be expressed in terms of money include: Employee skill level. Employee working conditions.
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The money measurement concept states that a business should only record an accounting transaction if it can be expressed in terms of money. ... Examples of items that cannot be recorded as accounting transactions because they cannot be expressed in terms of money include: Employee skill level. Employee working conditions.
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