The Assumption That Requires Only Those Things That Can Be

question 128

Multiple Choice

The assumption that requires only those things that can be expressed in money are included in the accounting records is the

• A) economic entity assumption.
• B) monetary unit assumption.
• C) going concern assumption.
• D) periodicity assumption.

---

Definitions:

Higher Education

Post-secondary education provided by universities and colleges that leads to an academic degree or professional qualification.

Gendered Enrolment

The phenomenon where enrollment rates in education or specific fields of study are significantly influenced by gender.

Workforce

The people engaged in or available for work, either in a country or area or in a particular company or industry.

McDonalization

The process by which the principles of the fast food industry, such as efficiency, calculability, and predictability, dominate other sectors of society.