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(a) Entity Concept
(b) Accrual Concept
(c) Cost Concept
(d) Money Measurement Concept
i think answer d is correct (d) Money Measurement Concept
(d) is the correct answer . Accounting transactions to be capable to measure in the money values
Answer option >>>>>>>>>>>>>>>>>> (d) Money Measurement Concept
according to money measurement concept we have to only records those transaction which are monetary in nature
example....if we get a group of loyal employee so although it is an asset of business but we can't record it
(d) Money Measurement Concept - Accounting records only those transactions which are expressed in monetary value, though quantitative records are kept. Hence, accounting does not record non – financial transactions.
(d) Money Measurement Concept
Answer D is the correct answer
Money Measurement Concept demands an entry to be financial in nature.
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