non financial quantitative information is not recoeded in account due to
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It is due to money measurement concept. According to this concept only that events are recorded in the books that we can measure in the form of money. ... Therefore, non- monetary transactions are not recorded in books of accounts.
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Answer:
It is due to money measurement concept. According to this concept only that events are recorded in the books that we can measure in the form of money. ... Therefore, non- monetary transactions are not recorded in books of accounts.
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