Economics · Accounting Principles

The assumption that the purchasing power of money remains constant over time is central to which accounting concept?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Fair Value Measurement
2Economic Entity Concept
3Monetary Unit Assumption✓
4Cost Principle

Correct answer

Monetary Unit Assumption

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The assumption that the purchasing power of money remains constant over time is central to which accounting concept?

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The assumption that the purchasing power of money remains constant over time is central to which accounting concept?

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