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  • Accounting Principles and Standards
  • Qualitative transactions are not recorded in accounts due to
Multiple choice

Qualitative transactions are not recorded in accounts due to

  1. dual concept

  2. accrual concept

  3. money measurement concept

  4. none of these

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The money measurement concept states that only transactions that can be expressed in monetary terms are recorded in the books of accounts.

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