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Answer Posted / 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 |
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