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CBSE Class 11-commerce Answered

A dispute between managers of different departments affected the profit of business. But this event was not recorded. Why?
Asked by Topperlearning User | 09 Jun, 2016, 12:14: PM
answered-by-expert Expert Answer

According to money measurement concept, only those business transactions and events which can be expressed in money terms are recorded in the books of accounts. Dispute between managers of different departments cannot be measured in terms of money, and hence it is not recorded.  

Answered by | 09 Jun, 2016, 02:14: PM
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