Which concept requires that those transactions which can be measured in terms of money are recorded - (c) Money Measurement Description: As per money measurement concept, only those transactions which can be measured in terms of money are recorded in books of account. This concept requires that those transactions that are capable of being measured in terms of money can only be recorded in books of accounts. - Fundamentals of Accounting Interview Questions and Answers

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Question: Which concept requires that those transactions which can be measured in terms of money are recorded in books of account?

Answer: (c) Money Measurement
Description: As per money measurement concept, only those transactions which can be measured in terms of money are recorded in books of account. This concept requires that those transactions that are capable of being measured in terms of money can only be recorded in books of accounts.

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Question: Which concept requires that those transactions which can be measured in terms of money are recorded in books of account?

Answer:

(c) Money Measurement
Description: As per money measurement concept, only those transactions which can be measured in terms of money are recorded in books of account. This concept requires that those transactions that are capable of being measured in terms of money can only be recorded in books of accounts. Source: CoolInterview.com

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