B.) Money measurement concept: Meaning of Money measurement Money measurement concept. The money measurement concept states that a corporation should only report those accounting transactions that can be represented in terms of money. This assumption assures objectivity of the accounting information. It means that the centre of accounting transactions is on quantitative data, preferably than on qualitative information. The historic cost concept is an extension of the money measurement rule. Money measurement concept This concept assumes that all business transactions must be in terms of money, that is in the currency of a country. Money Measurement Concept is one of the concepts of the accounting according to which company should record only those events or transaction in its financial statement which can be measured in the terms of money and where assigning of the monetary value to the transactions is not possible then it will not be recorded in the financial statement. The changes in purchasing power or value of money is ignored. As the term  financial statement  or financial information  itself emphasize that subject matter is  financial  in nature i.e. According to Money Measurement concept in accounting, business records only those transactions which are measurable in money or monetary terms. This means that the focus of accounting transactions is on quantitative information, rather than on qualitative information. The money measurement concept states that a business should only record an accounting transaction if it can be expressed in terms of money. Accounting concept stands on 4 basic ones and money measurement concept is one of them. Entity Concept - A unit, which controls & prepares reports that is related to money or accounting reports. The money measurement concept (also called monetary measurement concept) underlines the fact that in accounting and economics generally, every recorded event or transaction is measured in terms of money, the local currency monetary unit of measure.Using this principle, a fact or a happening or event which cannot be expressed in terms of money is not recorded in the accounting books. Land. Money measurement concept is "the accounting convention which holds that accounting should only deal with those items which are capable of being expressed in monetary terms".The money measurement concept assumes that all transactions which can be expressed in monetary terms should be recorded in the accounting books. Example. Money Measurement Concept Money measurement concept implies that only those events and transactions are recorded in the financial statements that can be measured in terms of money.