Question

Which facts are disclosed in accounting (a)Only monetary (b)Only non monetary (c) both monetary and non monetary (d)None of these​

Answer 1

Answer:

a. only monetary. the transaction which can be expressed in the terms of money can recorded in accounting.

Answer 2

(a) Only monetary

• Monetary factors as the resources convey a moral worth as far as cash units (e.g., dollars, euros, yen). They are expressed as a decent worth in dollar terms in any event, when macroeconomic elements, for example, expansion, decline the buying force of the money.

• Monetary statistics accounts are fundamental for the examination of financial conditions and plans and the execution of financial arrangements.

• Monetary items don't acquire esteem on the lookout and can't go old. This intends that assuming you put $100,000 in a financial balance that in a year, there would, in any case, be $100,000 in that record. Also, that implies the worth of money-related resources are rarely repeated.