According to the money measurement concept, which among the following will be recorded in the books of account of the business:

The correct answer is: C. Value of plant and machinery

The money measurement concept is one of the accounting concepts that states that only transactions that can be expressed in monetary terms should be recorded in the books of account. This means that the health of the managing director of the company, the quality of the company’s goods, and other non-monetary items are not recorded in the books of account.

The value of plant and machinery is a monetary item and is therefore recorded in the books of account. Plant and machinery are assets that are used in the production of goods or services. They are recorded at their historical cost, which is the amount of money

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