measurement^(1/0)

Accounting describes measurable value

If an asset may be measured reliably, it belongs to Accounting. The dollar amount in the bank is accountable, for it has an exact value at any point in time. Property value is accountable, for the market estimate of its value may be reliably calculated. The right to be reimbursed for services is accountable, for the value of those services may be measured. There are some assets which cannot be reliably measured and therefore do not belong to Accounting.…