The quality of service provided,the age and health of the owner,and employee morale are not included because they cannot be quantified in terms of money

A) accounts payable
B) assets
C) corporation
D) cost
E) economic entity assumption
F) liabilities
G) market value
H) monetary unit assumption
I) note payable
J) (paid-in) capital
K) partnership
L) proprietorship
M) retained earnings
N) stockholders' equity

Question

​The quality of service provided,the age and health of the owner,and employee morale are not included because they cannot be quantified in terms of moneyA) accounts payableB) ​assetsC) ​corporationD) ​costE) ​economic entity assumptionF) ​liabilitiesG) ​market valueH) ​monetary unit assumptionI) ​note payableJ) ​(paid-in) capitalK) ​partnershipL) ​proprietorshipM) ​retained earningsN) stockholders' equity

Chelsie Olmeda · Accepted Answer

Final Answer : H, Explanation :  The monetary unit assumption in accounting means that only transactions that can be expressed in terms of money are included in the accounting records. The exclusion of the quality of service, the owner's age and health, and employee morale from accounting records is because these factors cannot be quantified in monetary terms, aligning with the monetary unit assumption.

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