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TEST-BANK-FORACCOUNTING-PRINCIPLES7TH-EDITIONWEYGA
- Exam (elaborations) • 5 pages • 2021
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TEST-BANK-FORACCOUNTING-PRINCIPLES7TH-EDITIONWEYGA 
1. "GAAP" refers to 
a. General Accounting and Auditing Principles. 
b. Guidelines for American Accounting Procedures. 
c. General Association of Accounting Practitioners. 
d. None of the above. 
2. The requirement that only transaction data capable of being expressed in terms of 
money be included in the accounting records relates to the 
a. cost principle. 
b. monetary unit assumption. 
c. economic entity assumptio