The accounting principle that requires that transactions are to be expressed using units of money in the currency of the country in which the company primarily operates as the common denominator is the
A) business entity principle
B) currency
C) going concern principle
D) historical cost principle
E) revenue recognition principle

Question

Quizplus · Accepted Answer

The accounting principle that requires transactions to be expressed in units of money in the currency of the country in which the company primarily operates is the concept of currency. This principle ensures consistent and accurate reporting of the financial transactions of a company.

The Accounting Principle That Requires That Transactions Are to Be