In order for a transaction to be recorded in a business' accounting records, the effects of the transaction must be reliably measurable in dollars. What is reliable measurement and why is it important?
In order for a transaction to be recorded in a business' accounting records, the effects of the transaction must be reliably measurable in dollars. What is reliable measurement and why is it important?
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A reliable measurement is a description in words and numbers that is reasonably free from er…View the full answer
Related Book For 
Cornerstones of Financial and Managerial Accounting
1st Edition
Authors: Rich Jones, Mowen, Hansen, Heitger
ISBN: 978-0324787351