PRC-1 · Chapter 1 · Question 68 of 100
Which accounting principle ensures that events like employee morale or the operational skill of a manager are entirely ignored in the financial records?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Money measurement concept
Explanation
The money measurement concept dictates that only transactions and events capable of being accurately expressed in monetary terms are recorded in the financial books.
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