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It is a pre-condition, that only those transactions which can be measured in terms of money are to be recorded.
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Earn +20 ptsQ: What is money measurement concept?
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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.
How would a standard system of money and measurement help trade?
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Is grade scores an example of ratio scales?
Grade scores are an ordinal level of measurement. A ratio level of measurement would be weight of a person or how much money a person has.
What is horizontal measurement?
The horizontal measurement refers to the measurement that is made along the X-axis. The horizontal measurement is usually one dimensional.
Problems of measurement in educational measurement and evaluation?
State and explain problems in measurement and evaluation
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