The assumption that the unit of measure remains relatively constant over time is part of the

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The assumption that the unit of measure remains relatively constant over time is called the monetary unit assumption, which is part of the generally accepted accounting principles (GAAP). This assumption means that all transactions are recorded and reported in the currency of the country where the business is located, and that the value of the currency is assumed to remain stable over time.

The Assumption That the Unit of Measure Remains Relatively Constant