Question

Which of the following is an example of a non-monetary item that would not be recorded in the financial statements under the Money Measurement Concept?

A Land owned by the company
B Goodwill of the company
C Patents owned by the company
D Cash in the company’s bank account
Practice Next

Relevant for Exams:

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)