Accounting Concepts e2A. ConCept ? Financial accounting uses money measures to gauge the impact…

Accounting Concepts

e2A. ConCept ▶ Financial accounting uses money measures to gauge the impact of business transactions on a separate business entity. Indicate whether each of the follow- ing words or phrases relates most closely to (a) a business transaction, (b) a separate entity, or (c) a money measure:

 

 

 

 

 

 

1.    U.S. dollars

2.    Indian rupees

3.    Partnership

4.    Receipt of cash

5.    Sole proprietorship

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