Question

Salary to a manager will be recorded in the book of account but appointment of a manager is not recorded due to​

Answer 1

Answer:

Salary to a manager will be recorded in the book of account but appointment of a manager is not recorded due to Appointment of manager is not a monetary transaction. This reason is due to Money measurement Concept.

Money Measurement Concept :

Money measurement Concept states that every event and transaction is measured in terms of money.

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