Question

What is the money Measurement concept?​

Answer 1

Explanation:

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. This means that the focus of accounting transactions is on quantitative information, rather than on qualitative information.

Answer 2

Answer:

❇ The money measurement concept states that a business should only record an accounting transaction if it can be expressed in terms of money. ... Examples of items that cannot be recorded as accounting transactions because they cannot be expressed in terms of money include: Employee skill level. Employee working conditions.

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