Solution PreviewFinancial accounting 1. The requirement that only transaction data capable of being expressed in terms of money be included in the accounting records relates to the
A. cost principle.
B. monetary unit assumption.
C. economic entity assumption.
D. both a and b above.
Answer:D
Solution PreviewFinancial accounting 1. The requirement that only transaction data capable of being expressed in terms of money be included in the accounting records relates to the
A. cost principle. B. monetary unit assumption. C. economic entity assumption. D. both a and b above.