Which of the following is not related with Money Measurement Concept?
A. All business transaction should be expressed only in money
B. The transactions which cannot be expressed in money, will not be recorded in accounting books
C. Business is treated as separate from the proprietor
D. None of these
Answer: Option B
Related Questions on Miscellaneous in Commerce
A. Expenditure for the business
B. Cost for the business
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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