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policies current attempt in progress a basic assumption of accounting a…

Question

policies
current attempt in progress
a basic assumption of accounting assumes that the dollar is
useless in measuring an economic event.
a poor measure of economic activities.
unrelated to business transactions.
the common unit of measure for all business transactions.

Explanation:

Brief Explanations

In accounting, the monetary unit assumption states that the dollar (or the currency used) is the common unit of measure for business transactions. The other options are incorrect: the dollar is useful, a good measure, and related to business transactions for accounting purposes.

Answer:

D. the common unit of measure for all business transactions