When a pizza maker lists the price of a pizza as $10, this is an example of using money as a unit of account
<h3>What is a unit of account?</h3>
A unit of account is a standard numerical unit of money used for measuring goods and services.
According to the question, the price of the pizza is a unit of account because it was used to measure the price of the goods.
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The correct answer to the question above is:
a. relationship between Abraham (and later Moses) and Jahweh.
The covenant was first established by Jahweh with Abraham. He
showed his faith to Jahweh’s promises, obedience to His commandments, and worships
Him with all his heart.
Entries are given.
DATE ACCOUNT TITLES DEBIT CREDIT
Dec 31,2019 No entry 0
No entry
(Considering that goodwill has an 0
infinite existence, goodwill should
not be amortised.)
Dec 31, 2019 Patent Amortization $10,000
[$75,000×(1/5)×(8/12)] patents
(To record patent amortizations for $10,000
8 months)
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The government began to print more money. The increase in the ‘money supply’ which happens faster than the economic growth leads to inflation. When the government prints more money then it brings down the value of the money in the market.
