According to the money measurement concept, the following will be recorded in the books of accounts of the business:
A. Health of the managing director of the company
B. Quality of company goods
C. Value of plant and machinery
D. Health of labour in factory
Answer: Option C
This Question Belongs to Commerce >> Miscellaneous In Commerce
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A. Expenditure for the business
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C. Gain for the business
D. None of the above
Which of these items would be accounted for as an expense?
A. Repayment of bank loan
B. Dividend to stock holders
C. The purchase of land
D. Payment of current period rent
Debit the receiver credit the giver rule for:
A. Real a/c
B. Personal a/c
C. Nominal a/c
D. None of these
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