On any given day, it is unlikely that the balance in the cash ...

[beccaep]

On any given day, it is unlikely that the balance in the cash account on the depositor's general ledger (or books) will be the same as the bank balance.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

The monetary-unit assumption refers to ________.
 
  A) measuring financial statement items at their cost at the time of the transaction
  B) an assumption that a company will continue to be in business in the future
  C) the use of monetary units, such as dollars, to measure the value of financial statement amounts
  D) the way revenues and expenses are recognized

[juicepod]

Answer to Question 1

True

Answer to Question 2

C

[beccaep]

Wow, this really help

[frankwu0507]

Thanks for the timely response, appreciate it