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Historical costs are not adjusted in the basic financial statements to reflect changes in the unit of measure, the dollar. Supplemental financial statements are permitted to show adjustments for inflation
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What stable monetary unit concept?
this concepts states that value of the money remain unchanged .we ignore the effects ofi nflation and deflation
What Basic 8 concepts of financial accounting?
There are eight accounting concepts: Business entity concept, cost concept, going concern concept, matching concept, objectivity concept, unit of measure concept, adequate disclosure concept, and accounting period concept
What is the Concept of Status?
what are the concept of status
Concept of social responsibility accounting?
concept of responsibility accounting
What concept is used in allowance for doubtful debts?
Prudence concept
Is the Euro a stable currency?
More stable than the US dollar.
Is the us dollar stable?
Not even close to stable. We are currently printing money with nothing to back it up. This will cause serious inflation and devaluing of the dollar. Hardly stable
Who gave the concept of stable population for the first time?
A J Lotka
How stable has the euro been against the us dollar?
The euro has been very stable against the dollar. Even during the great recession, it never lost significant value.
Dollar paid in the future is less valuable than a dollar paid today?
Yep. that's the whole concept of interest.
When can GDP increase at a faster rate than real GDP?
the value of the dollar is stable
Example of stable monetary unit concept?
allows accountants to ignore the effect of inflation in the accounting records.
Is the currency of Malaysia stable in all categories?
The Malaysian dollar was first floated on the open market in 1973. Since the mid 1990s, it has been remarkably stable.
What influences personality?
The concept of personality refers to the profile of stable beliefs, moods, and behaviors that differentiate among children (and adults).
Advantages and disadvantages of marketing concept?
Disadvantages is that you earn a dollar every month. xD~ </3 :] Disadvantages is that you earn a dollar every month. xD~ </3 :]
Who can be credited with saying a dollar today is worth more than a dollar tomorrow?
The concept that a dollar today is worth more than a dollar tomorrow is rooted in the principle of time value of money. While the origin of the specific phrase is not definitively attributed to one individual, it is a fundamental concept in finance and economics often associated with the work of economists and scholars like Irving Fisher and John Maynard Keynes.
What stable monetary unit concept?
this concepts states that value of the money remain unchanged .we ignore the effects ofi nflation and deflation
