VideRime Staff asked 3 years ago
What are the limitations of money measurement concept?
a) Any transaction/ event inspite of being very important cannot be recorded in the books of accounts, if it cannot be expressed in money value.
b) As per this concept, a transaction is recorded at its money value on the date of occurrence and the subsequent changes in the money value are conveniently ignored.
c) Both (A) and (B) (Ans)
d) None of the above
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