Question

short note on measuring of accounting. ​

Answer 1

Answer:

The money measurement concept. The money measurement concept states that a business should only record an accounting transaction if it can be expressed in terms of money. ... Thus, a large number of items are never reflected in a company's accounting records, which means that they never appear in its financial statements.

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Answer 2

Explanation:

Accounting measurement is the computation of economic or financial activities in terms of money, hours or other units. An accounting measurement is a unit of some measurable element that is used to compare and evaluate accounting data. Accounting is often measured in terms of money.

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