American companies prepare their financial statement in Dollars whereas Japanese companies produce financial statement in Yen. This is an example of:

A Stable monetary unit concept
B Unit of measurement concept
C Money value concept
D Current swap concept

Correct Answer: Unit of measurement concept

American companies prepare their financial statement in Dollars whereas Japanese companies produce financial statement in Yen. This is an example of Unit of measurement concept.
Bissoy MCQ
#Commerce #Accounting

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