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This is interesting to say the least. DEFINITELY A BREECH!!!
It helps know your financial status and thus entered in the books of the business.
Only events whose impact can be measured in money terms can be treated as a financial transaction and thus entered in the books of the business.
Monetary help you to know your finance
Monetary Only events whose impact can be measured in money terms can be treated as a financial transaction and thus entered in the books of the business. All transactions should be recorded in money terms. Stock is shown in financial reports in quantity amounts.
Accounting -> Accounting Principles: Monetary Monetary Only events whose impact can be measured in money terms can be treated as a financial transaction and thus entered in the books of the business. All transactions should be recorded in money terms. Breach: Stock is shown in financial reports in quantity amounts.
All transactions should be quantify in monetary terms to make it fit into financial statement
As per accounting principle, only those transactions can be recorded in books of accounts which have got monetary value.
looking at what breach stands for in this context, its for financial purposes, so it should be recorded in quantity amounts. there's new money, but not quality
Which transactions are treated as financial?