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All accountants at organizations prepare books of accounts in terms of money. Which function of money does this represent? A. medium of exchange B. unit of account C. store of value D. present value E.
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All accountants at organizations prepare books of accounts in terms of money. Which function of money does this represent? A. medium of exchange B. unit of account C. store of value D. present value E. unit of exchange

User Fernando Cezar
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Answer:

B. unit of account

Explanation:

Accounts are kept in terms of units of account. Money serves as the unit of account when accounts are kept in terms of money.

User Qingfeng
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