The general policy for using proper currency signs (dollar, yen, pound, etc) is the same for both GAAP and this textbook. This policy is as follows
A) Currency signs are shown in trial balances and financial statements.
B) Currency signs are shown for all compound journal entries.
C) Currency signs are only shown in the trial balances.
D) Currency signs only appear ledgers and journal entries

Question

Quizplus · Accepted Answer

The general policy for using proper currency signs is to show them in trial balances and financial statements. This is true for both GAAP and this textbook. Currency signs are important to indicate the monetary unit being used and to provide clarity and accuracy in financial reporting.

The General Policy for Using Proper Currency Signs (Dollar, Yen