Answer Posted / 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 |
Post New Answer View All Answers
Expand------------STRA
1. Cold Ice, Inc. sells ice cream sells for $2 each. The variable costs per ice cream are $1 and the fixed overheard costs are $ 0.35. A summer camp wants to place a one-time order for 100 cone of ice cream at a price of $ 1.25 each. What is the minimum price hot dogs should be charge for this special order?
what is sales life cycle???
commisiion recieved journal entry and receipt required
Can u please give me example of bonds? is National savings certificate a Bond?
Name the Accounting Concepts
Depreciation method to using Indian company names
What is the working formula for Working Capital Turnover
How Many Types of Excise Duties?
how will i develop my fears in interviewd?
WHAT TYPES OF ESSAYS ARE GIVING IN BANK OF AMERICA? CAN ANY ONE HELP ME
Short Answer on ___________Finance Bill
What are the stages involved while preparing business blue print with examples?
Expand DEHM
how can make configration related with electronic bank statment and how can i upload bank statment to system