The accounting idea that only items quantifiable in terms of U.S. currency are recorded is the

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The "Monetary measurement concept" refers to the accounting principle that only transactions that can be measured in a common monetary unit (such as U.S. currency) should be recorded in the financial statements. This means that non-monetary items (such as goodwill or employee satisfaction) are not recorded, as they cannot be easily measured in monetary terms.

The Accounting Idea That Only Items Quantifiable in Terms of U.S