Abstract
Accounting involves the expression of economic activity in monetary terms. Money as a unit of account provides a scale of measurement that makes it possible to assign numerals, according to the rules of accounting, to diverse activities and elements (such as sales, purchases, production, assets and liabilities) and enables us by mathematical manipulation to represent the results of these activities in terms of abstract concepts such as income and capital.
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References
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© 1989 Economic Research Council
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Bromwich, M., Noke, C. (1989). Money, Measurement and Accounting. In: Llewellyn, D.T. (eds) Reflections on Money. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-20458-8_8
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DOI: https://doi.org/10.1007/978-1-349-20458-8_8
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-48529-3
Online ISBN: 978-1-349-20458-8
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