127 Views

what do you understand by phrases in terms of money

Aaaa 9th May, 2020

Answer (1)

ginnisachdeva02_9364270 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.

Share

Facebook Copy Link

More

Comments (0)

Related Questions

Define Accounting . What do you understand by the phrases In terms of money and of financial character often used in definition of Accounting ?

130 Views

define accounting.what do you understand by phrases in terms of money and pf financial character often used in definition pf accounting?

2615 Views

What do you understand by Lithosphere?

14 Views

What do you understand by Temperature?

21 Views

what do you understand by absolutism

78 Views

Link Copied

The question have been saved in answer later, you can access it from your profile anytime. Access now

Thanks! Your report is submitted, the author will be informed about it

Download Careers360 App

All this at the convenience of your phone

Regular Exam Updates
Best College Recommendations
College & Rank predictors
Detailed Books and Sample Papers
Question and Answers