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The concept which assumes that transactions should be expressed using a common denominator is 

Accounts - Principles of Accounts
WAEC 2024

The concept which assumes that transactions should be expressed using a common denominator is 

  • A. historical cost concept.
  • B. money measurement concept.
  • C. materiality concept.
  • D. consistency concept. 
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Correct Answer: Option B
Explanation

 Money measurement concepts emphasis expressing all transactions in one currency denomination.

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