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.
Who among the following was a co-founder of the Swaraj Party along with Motilal Nehru?
What does B mean in APBS, which is an –Aadhaar linked bank account?
The Lucknow Pact was signed in ______ by Congress and the Muslim League to work in alliance for representative government.
India's first solar-powered village is located in which state?
Phulaich is a colourful festival of the State of ______.
Under the Bharatmala Pariyojna , an MoU has been signed for swift development of modern Multi Modal Logistics Park (MMLP ) between?
The eSARAS mobile application to support women of Self-Help Groups (SHGs) by marketing products made by them.It is related to which of the following sch...
According to the Census of India 2011, which state of India has the highest Hindu population percentage of the total population?
‘The Palace of Illusions’, a rendition of the Hindu epic ‘Mahabharata’, was written by which of the following novelists?
Recently CCEA has approved the continuation of PM Svanidhi from March 2022 to ______,
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