In what terms can accounting information be expressed?

Name: In what terms can accounting information be expressed?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Accounting information can be expressed in terms of money, percentages, and text. Money is the most common unit of measurement in accounting, and it is used to record transactions and prepare financial statements. Percentages are used to compare different financial data, and text is used to provide additional information about the financial data.

In What Terms Can Accounting Information Be Expressed