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.

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Definitions:

Complained

To express dissatisfaction, discomfort, or annoyance about something.

Cycle

A sequence of events that repeat in a regular pattern.

Standards

Accepted levels of quality or achievement established by authority, custom, or common consent, used as a basis for comparison or compliance.

Punctuation

The marks, such as commas, periods, and question marks, used in writing to separate sentences and their elements and to clarify meaning.