what do you understand by phrases in terms of money
Answer (1)
Student Expert
9th May, 2020
Hey!
Below given answer is on the basis of accounting/accountancy.
Anything that has value and can be used as a means of financial exchange is called Money. This is used as a legal tender for repayment of debt, retain our purchase power. It is also a standard of value and an unit of accounting measure.
Thank you.
Comments (0)
