The accounting concept which asserts that money is the common measurement unit for economic activity is the:

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The monetary unit concept asserts that money is the common measurement unit for economic activity. This means that financial transactions are recorded and reported in a specific currency, usually the currency of the country where the company operates. All financial statements are prepared using this currency, and assets, liabilities, revenues, and expenses are measured and reported in this currency. This concept facilitates the analysis and interpretation of financial statements by investors, creditors, and other stakeholders.

The Accounting Concept Which Asserts That Money Is the Common