Concept:The money measurement concept states that only transactions measurable in monetary terms are recorded in accounting.
Explanation:This concept assumes that all business transactions should be expressed using a common denominator, which is money.
For example, purchases, sales, expenses, and incomes are recorded in a single currency unit, such as ₦ or $.
This common measure allows different items to be added, compared, and summarised in financial statements.
Historical cost, materiality, and consistency do not deal with using a common monetary denominator.
Answer:B. Money measurement concept.