Question

What is the meaning of " recording in terms of money"?

Answer 1

Answer:

transaction is an agreement between a buyer and seller to exchange goods, services or financial instruments. accrual accounting records transactions when revenues or expenses are realized or incurred while cash accounting records transaction when the business actually spends or receives money

hope it helps you

thanks

Answer 2

$\huge \underline \bold \pink </p><p>{♡Answer♡:-}$

$<font color= " red">$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.$<marquee>♥mark as brainliest..✌♥</marquee>$