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What is the Historic cost concept?
The historic cost concept is an extension of the money measurement rule. It requires transactions to be recorded at the "original" cost. The changes in prices or values will be ignored.
What is the difference between the measurement of the surface area and the measurement of the volume of a right trapezoidal prism?
The first is a two dimensional concept, the second is 3-dimensional.
Who was the Founder of measurement?
The concept of measurement does not have a single founder, as it evolved over time across various civilizations. Ancient cultures, such as the Egyptians and Mesopotamians, developed early systems of measurement for trade, agriculture, and construction. The Greeks, particularly figures like Pythagoras and Euclid, contributed significantly to the formalization of measurement through geometry. Thus, measurement is a collective achievement rather than the work of a single individual.
How does Douglas McGregor's Theory Y relate to the concept of internal control?
discuss the advantages and disadvantages of gregor's theory x of operational organisation
What refers to consistency in measurement?
Consistency in measurement refers to the reliability or stability of a measurement instrument or process over time. It indicates that repeated measurements under the same conditions yield similar results, ensuring that the data collected is dependable and valid. This concept is crucial in research and data analysis, as it affects the accuracy and credibility of findings. High consistency in measurement enhances confidence in the conclusions drawn from the data.
What is money measurement concept in accounting?
Money Measurement Concept in accounting, also known as Measurability Concept, means that only transactions and events that are capable of being measured in monetary terms are recognized in the financial statements.
What is money measurement concept?
It is a pre-condition, that only those transactions which can be measured in terms of money are to be recorded.
What is the examples of money measurement concept?
The business office, stocks, and company cars are examples of the Money Measure Concept. It is sometimes called Measurability Concept and means that only events and transactions that can be measured in monetary terms is recognized in the financial statement.
What is the Historic cost concept?
The historic cost concept is an extension of the money measurement rule. It requires transactions to be recorded at the "original" cost. The changes in prices or values will be ignored.
Account Money measurement concept?
only those transactions which can be measured in terms of money are recorded.Since money is the medium of exchange and the standard ecnomic value, this concept requires that those transactions alone that are capable of being measured in terms of money be only be recorded in the books of accounts
What the advantages and disadvantages of using different unit of measurement?
one disadvantage is that we could get a measurement mixed up with another measurement.
What are thetwo disadvantages of this concept in determining consumer behaviorand how are these disadvantages overcome?
What are some disadvantages or advantages in chemical energy?
What is advantages of Money measurement concept?
1. easily to known about it because mainly all type of transaction is based on money in accounting. 2.it is continuous process. 3.is is never ending process.
Disadvantages of English over SI system measurement?
Not universal
What are 5 Ms of Advertising?
The 5 M's of advertising are: Mission Money Message Media Measurement The 5 M's of advertising are: Mission Money Message Media Measurement The 5 M's of advertising are: Mission Money Message Media Measurement The 5 M's of advertising are: Mission Money Message Media Measurement
What are thetwo disadvantages of the concept of diminishing marginal utility in determining consumer behaviorand how are these disadvantages overcome?
The answer is, Penis.
What is underlying distribution?
Underlying distribution is a concept that describes the density for the value of the measurement. It is a theoretical concept.
