Which Accounting Convention Has the Effect That the Employees Will

question 25

Multiple Choice

Which accounting convention has the effect that the employees will not appear as an asset on the entity's statement of financial position?

• A)Money measurement convention.
• B)Accounting period convention.
• C)Stable monetary unit convention.
• D)Entity convention.

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Definitions:

Seconds

The basic unit of time in the International System of Units (SI), equal to one sixtieth of a minute.

Hours

A period of time equal to a twenty-fourth part of a day and night and universally understood to be 60 minutes.

Dimensional-analysis

A mathematical technique used to convert units of measurement without changing the dimensional or physical value.

Kilometers

A unit of length in the metric system equal to 1,000 meters, often used to measure distances.