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INTERVIEW QUESTIONS COMMON PROFICIENCY TEST (CPT) FUNDAMENTALS OF ACCOUNTING DETAILS

Question: human resources can't be shown in Balance Sheet because of ___________ concept. a) Realisation b) Conservatism c) Going Concern d) Money Measurement

Answer: (d) Money Measurement
Description: As per the concept of money measurement only those items can be shown in Balance Sheet which can be expressed in terms of money. Human resource, although is an asset for the business enterprise still can't be recorded in the books as it can't be expressed in terms of money.

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Question: human resources can't be shown in Balance Sheet because of ___________ concept. a) Realisation b) Conservatism c) Going Concern d) Money Measurement

Answer:

(d) Money Measurement
Description: As per the concept of money measurement only those items can be shown in Balance Sheet which can be expressed in terms of money. Human resource, although is an asset for the business enterprise still can't be recorded in the books as it can't be expressed in terms of money. Source: CoolInterview.com



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