___ concept implies that each transaction and event must be expressible in monetary terms.

A. Money measurement

B. Business Entity

C. Going Concerned

D. None


Money measurement concept is also known as Measurability Concept, The money measurement concept states that a business should only record an accounting transaction if it can be expressed in terms of money. This means that the focus of accounting transactions is on quantitative information, rather than on qualitative information.

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