contestada

Which of the following assumptions means that money is the common denominator of economic activity and provides an appropriate basis for accounting measurement and analysis?a. periodicityb. monetary unitc. going concernd. economic entity

Respuesta :

Answer:

The correct answer is letter "B": monetary unit.

Explanation:

The monetary unit accounting assumption states that transactions and must be recorded in a monetary unit to set a measurable basis for all the operations of a business. This approach has two limitations: inflation and the fact that there might be assets that are not easy to quantify -knowledge for instance.

Otras preguntas