The ________ stipulates that an entity measure and report its economic activities in dollars (or some other monetary unit).
A) monetary unit assumption
B) business entity concept
C) U.S. banking assumption
D) going concern concept

Question

Quizplus · Accepted Answer

The monetary unit assumption requires that all financial transactions and reports be expressed in a consistent monetary unit, such as dollars, to ensure clarity and comparability.

The ________ Stipulates That an Entity Measure and Report Its