Getting ready for final

timer Asked: Jun 16th, 2015

Question description

Hi, my name is Teri,
I'm getting ready for my accounting final & I'm going over all the question I got wrong on my quizzes. I can't find the answer to this one that makes sense. 1) the assumption that the unit of measure remains sufficiently constant over time is part of the :
 a) economic entity
 b) cost principle
 c) historical cost principle
 d) monetary unit assumption

in my answer I choose (a) it was wrong. I've looked up the def's of each of these other terms & they don't make sense to me for this question.

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