Unit of Account: Definition, Example & Money Functions

This unit principle is also linked to events, and it ensures things are well documented. The monetary unit principle is ratified as the measurement unit in accounting. According to the monetary unit law, when trade transactions or relevant events occur, they are valued into the money before being documented. In accounting terms, it can be […]

Continue Reading

How do you calculate the rate of disappearance?

Reaction rates are therefore determined by measuring the time dependence of some property that can be related to reactant or product amounts. Rates of reactions that consume or produce gaseous substances, for example, are conveniently determined by measuring changes in volume or pressure. For reactions involving one or more colored substances, rates may be monitored […]

Continue Reading