Multiple Choice Questions on American companies prepare their financial statement in Dollars whereas Japanese companies produce f........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

American companies prepare their financial statement in Dollars whereas Japanese companies produce f...........

Accountancy (Phase -I & II) Company Final Accounts
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    American companies prepare their financial statement in Dollars whereas Japanese companies produce financial statement in Yen. This is an example of:

    Stable monetary unit concept

    Incorrect Answer

    Unit of measurement concept

    Correct Answer

    Money value concept

    Incorrect Answer

    Current swap concept

    Incorrect Answer
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    Explanation:

    American companies prepare their financial statement in Dollars whereas Japanese companies produce financial statement in Yen. This is an example of Unit of measurement concept.

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