Definition of unit of account: Unit by which value of a thing is accounted and compared. It is one of the primary functions of money.
Money is vitally important in our modern economy and serves several important functions. In this lesson, you'll learn about the role of money as a unit of account ...
Unit of account definition at Dictionary.com, a free online dictionary with pronunciation, synonyms and translation. Look it up now!
Definition of unit of account: A basic function of money, providing a unit of measurement for defining, recording, and comparing value. I.e., one dollar...
Unit of account definition: the function of money that enables the user to keep accounts , value transactions , etc | Meaning, pronunciation, translations and ...
Define unit of account. unit of account synonyms, unit of account pronunciation, unit of account translation, English dictionary definition of unit of account. n 1.
There are three aspects to the unit of account issue: definition, recognition, and .... The other elements of financial statements defined in Concepts Statement.
unit of account - An item that measures the market value of something. In an economy, a unit of account is used to offer goods and services for sale, as well as ...