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1:29
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Professor Bossard
Monetary Unit & Economic Entity Assumptions 1080p 221213
Two main assumptions are the monetary unit assumption and the economic entity assumption. The monetary unit assumption requires that companies include in the accounting records only transaction data that can be expressed in money terms.The economic entity assumption requires that the activities of the entity be kept separate and distinct from ...
4.3K views
Dec 13, 2022
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