Accounting does not record non- financial transactions because of...

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 

All transactions and events recorded in the financial statements must be reduced to a unit of monetary currency.

 Money Measurement Concept demands an entry to be financial in nature.

 

Accounting does not record non- financial transactions because of Money Measurement Concept  (d)

 

Accounting itself simply implies recording of financial transactions of a business or an organisation and hence all non-financial transactions are not included.Anything which can be measure in terms of Money is recorded. Ex :- When you withdraw money from bank ATM, the bank records it as a financial transaction as money is exchange here, but it will not record any transaction if you do 'balance enquiry' or 'mini statement' from ATM. So the ans is D.