One of the basic principles in historical cost accounting is The Measuring Unit principle (or stable measuring unit assumption): The unit of measure in accounting shall be the base money unit of the most relevant currency.sing this principle, a fact or a happening or event which cannot be expressed in terms of money is not recorded in the accounting books. Thus, it is not acceptable to record such non-quantifiable items as employee skill levels or the quality of customer service.
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2) Buddy (Bill Clinton) A lively chocolate Labrador, Buddy took his post at the White House in 1997, the fifth year of the Clinton Administration. Buddy was one of the more photogenic White House dogs in recent memory, and photos featuring him with the family can be found in great abundance.