Question: The monetary unit assumption states that only those things that can be expressed in money are included in the accounting records. only economic entities that
The monetary unit assumption states that
only those things that can be expressed in money are included in the accounting records.
only economic entities that can be separately identified and accounted for in monetary terms should be reported.
the business will remain in operation for a foreseeable future as long as money can be measured.
the life of a business can be divided into artificial time periods that can be prepared for monetary purposes only.
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