Author Question: The unit of measurement concept requires that economic data be recorded in dollars. a. True b. ... (Read 21 times)

HCHenry · **on:** Jul 6, 2018

The unit of measurement concept requires that economic data be recorded in dollars.
a. True
b. False

Indicate whether the statement is true or false

Question 2

The cost concept is the basis for entering the purchase price into the accounting records.
a. True
b. False

Indicate whether the statement is true or false