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What is Money Measurement concept
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Answer / satyaki_raju@yahoo.com
As per this concept only those transactions which can be
measured in terms of money are recorded.Since money is the
medium of exchange and the standard ecnomic value, this
concept requires that those transactions alone that are
capable of being measured in terms of money be only be
recorded in the books of accounts
| Is This Answer Correct ? | 76 Yes | 3 No |
Answer / sarthak yadav
Transactions and events of business will be recorded in the
books of accounts if it can be measured in terms of money
with fair degree of accuracy.An event may be very important
for business will not be recorded in the books of account
if it cannot be measured in monetary terms with fair degree
of accuracy.For Eg. quality of management is very important
for any business but cannot be measured in monetary
terms.
| Is This Answer Correct ? | 37 Yes | 5 No |
Answer / aa
The money measurement concept states that accounts only deal
with items to which a monetary value can be attributed and
which most people will agree to the monetary value of the
transaction.
| Is This Answer Correct ? | 14 Yes | 5 No |
Answer / deepak khandelwal
money measurement concept in simply mean in this concept
which transaction are to be recorded which are in the form
of money at this time all the trasaction are happend in the
form of money and such as if a man give a gift to some one
then its give satisfy for you not exchage in the form of
money.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / anamika kasyap
recording of transaction doest not mean recording of
qualitative or quantitative feature of these elements. only
monetary value of purchases sales are recorded and not
quantities. here, assets and liabilities are shown at their
respective money values . this is known as money measurement
concept .
| Is This Answer Correct ? | 0 Yes | 0 No |
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