Question

Honest answer please...

What is money measurement concept? Which one factor can make difficult to compare the monetary values with another year. Stqte reasons for your answer (6 marks)​

Answer 1

Answer:

Money measurements concepts is an economical concepts average revenue and marginal revenue justify for this....

Answer 2

$\mathcal{ANSWER}$

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•Money measurement concept :- The money measurement concept means that only those transactions are recorded in books of account which can be expressed or measured in terms of money.

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•The health of the owner of business, the quality of products of the firm, the qualifications of employes cannot be expressed in terms of money. $\mathsf{(}$this factor is can make difficult to compare the monetary values with another year.$\mathsf{)}$

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•The retirement of the chairman of the company cannot be recorded because it is not possible to measure the monetary effect of retirement except in terms of gratuity and other benefits payable to chairman.

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#answerwithquality

#BAL

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