Accountıng I Deneme Sınavı Sorusu #1313543
"The monetary unit assumption requires .........."
Which of the following appropriately completes the statement above?
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that the financial transactions of the entity should be recorded separately from the economic activities of its owner and all other economic entities |
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that financial transactions can only be recorded if the transaction data can be expressed in money terms |
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that business transactions of the entity are separated from the owner’s personal transactions. |
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that the existence of monetary unit assumption does not enable accounting to measure financial transactions a |
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that accounting numbers represent the monetary amounts of financial |
The monetary unit assumption requires that financial transactions can only be recorded if the transaction data can be expressed in money terms. B is the right answer.
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