qualitative aspect of business transactions are not recorded because of.
a) business entity concept
b) matching principle
c) consistency principle
d) money measurement concept
Answers
Answered by
3
Explanation:
a ) Business entity cincept
Answered by
7
Answer:
d) money measurement concept
Explanation:
The Qualitative aspect of business transactions are not recorded because of the money measurement concept.
The concept of money measurement states that an accounting transaction should only be recorded if it can be expressed in terms of cash. This implies that accounting operations concentrate not on qualitative data but on quantitative data. A big amount of things are therefore never represented in the accounting records of a company, which also means that they never appear in the financial statements as well.
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