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 |
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