Question

The fact that a business is seprea​

Answer 1

Answer:

option c correct

Explanation:

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Answer 2

Answer:

money measurement

Explanation:

The concept of money measurement states that only those transactions and happenings in an organisation which can be expressed in terms of money such as sale of goods or payment of expenses or receipt of income, etc. are to be recorded in the book of accounts.

All such transactions or happenings which can not be expressed in monetary terms, for example, the appointment of a manager, do not find a place in the accounting records of a firm.

Hence, in the above case, the incompetence of management of the firm, not being measurable in monetary terms, will not be recorded in the books of accounts.