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Accounting Principles: Monetary

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    FAISAL A.
    YE
    FAISAL A.

    What is the monetary Basices and principles

    Gabriel O.
    ML
    Gabriel O.

    Monetary , simply states that money is the measurement unit used for reporting financial statement. The monetary unit assumption is that in the long run, the money is stable—it does not lose its purchasing power.

    Wendy C.
    AU
    Wendy C.

    Monetary Only events whose impact can be measured in money terms can be treated as a financial transaction and thus entered in the books of the business. All transactions should be recorded in money terms as this is the only factor to be considered in Financial reporting

    Samuel F.
    ZA
    Samuel F.

    What is the monetary unit assumption?

    Zachary B.
    US
    Zachary B.

    What are monetary accounting principles?

    Caroline Monica M.
    MW
    Caroline Monica M.

    If assets are recorded on monetary form, the report will give real reflection of the company. as a result investors win not have problems to understand and feel interested.

    Diamond T.
    US
    Diamond T.

    What is the monetary Basices and principles

    Douglas R.
    US
    Douglas R.

    Impact using money terms.

    Ardian R.
    flag-default-icon
    Ardian R.

    Part of the monetary unit assumption is that accountants report assets as euro/dollar amounts, rather than reporting in detail all of the specific assets.

    Erick V.
    PE
    Erick V.

    todos los eventos financieros deben estar consignados en la moneda en que se realicen sea moneda nacional o extranjera, para que sean provisionados oportunamente en los registros contables de la empresa, por que también pueden ser una operación no monetaria pero que se puede expresar en montos de dinero por ejemplo una dasion en pago o el pago de deudas por cobrar pagadas con bienes o insumos

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