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.
Among the following, which is cross pollinated?Â
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In C4 plants, the primary carboxylation takes place by using ___ enzymeÂ
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The brief information of a subject published on a small paper is calledÂ
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