Question
Due to which concept, accounting does not record
non-financial transactions?Solution
Accounting does not record non-financial transactions because of the money measurement concept . This concept states that only transactions that can be expressed in monetary terms can be recorded in the accounting records. Non-financial transactions, such as the appointment of a new manager or the development of a new product, cannot be expressed in monetary terms and therefore are not recorded in the accounting records.
- Riya spent 40% of her income on groceries and 50% of the remaining on entertainment. If she saves Rs. 1800 after these expenses, what is the amount spent o...
- Priya bought a gadget at 40% discount on its listed price and later sold it by offering a 20% discount on the listed price. What was her profit percentage?
Who among the following goes immediately after D?
- Rohan can finish a certain task in 18 days, whereas Rohan and Karan together can complete it in 4.5 days. How many days will Karan alone take to complete t...
In which direction is Saurabh with respect to Nisha?
- The volume of a sphere is 288π cm³. What will be its surface area?
Which of the following file extension denotes Excel Spreadsheet?
In a programming each instruction corresponds to _________ processor action(s).
In the following question, select the missing number of the given series.
41, 44, 53, 80, ?, 404
Statements : P > Q < R = U ≤ V = S ≤ W ≥ X > I
Conclusions :
I. Q ≥ V
II. R ≤ W
Relevant for Exams:
