Question
Which of the following is an example of a non-monetary
item that would not be recorded in the financial statements under the Money Measurement Concept?Solution
Goodwill is an intangible asset that represents the value of a company’s brand, reputation, and customer relationships. Goodwill is not a physical asset, and its value cannot be easily measured in monetary terms. Therefore, under the Money Measurement Concept in Accounting, goodwill is considered a non-monetary item that would not be recorded in the financial statements.
72, 80, 89, 153, 180, 394Â
Find the wrong number in given number series.
2658, 2654, 2681, 2645, 2999, 2918
1582, 1616, 1658, 1708, 1756, 1812
1, 1, 3, 15, 105, 942
4, 11, 36, 164, 986, 7204
Find the wrong number in the given number series.
3, 8, 15, 24, 35, 50, 63
Find the wrong number in the given number series,
31, 55, 91, 145, 217, 307
74, 79, 86.5, 101.5, 109, 124, 141.5
32, 48, 72, 108, 162, 248
- Find the wrong number in the given number series.
4, 10, 22, 46, 92, 186
Relevant for Exams:
