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
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.