According to the money measurement concept, the following will be recorded in the books of account of the business:
A) Health of Managing Director of the company
B) Quality of company's goods
C) Value of Plant & Machinery
D) Strike by employees
Correct Answer:
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Q17: According to this convention, important items must
Q18: XYZ Ltd. follows the written down value
Q19: The Accounting Standards Board was established in
Q20: The total number of accounting standards issued
Q21: The Convention of Conservatism takes into account
A)All
Q23: Double Entry System was introduced in-
A)America
B)Japan
C)India
D)Italy
Q24: The International Accounting Standards Committee was set
Q25: The underlying assumption that assumes that the
Q26: The primary objective of the matching principle
Q27: The term "compound entry" means that the
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