To record any transaction, accounting needs a system of:
AMonetary measure
BMagnetic measure
CManual measure
DMineral measure
Answer & Solution
Correct answer: A. Monetary measure
1. Values must be comparable.
2. A single currency does that.
3. So a monetary measure is needed.
_Source: OpenStax Principles of Accounting Volume 1, Chapter 3, Analyzing and Recording Transactions._
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