Money measurement concept means that in accounting, only those transactions or events are recorded which can be measured in terms of money. Thus, an event, or a fact, which is not capable of being expressed in terms of money is not recorded in the books of accounts, say for example Employee skills, Customer Service Quality.
Questions about 1174. Money Measurement Principle of Accounting
Want more info about 1174. Money Measurement Principle of Accounting?
Get free advice from education experts and Noodle community members.