Before you have a hysterectomy: understand the basics. The uterus, or womb, is a pelvic organ suspended by ligaments between the bladder and rectum and connected to the vagina with the cervix. The fallopian tubes carry eggs from the ovaries to the uterus.
Because many of these assumptions are necessary for financial statements to have value, it is usually best to understand and review them when considering financial documents. Among the various conceptual assumptions that underlie modern accounting is the stable monetary unit concept. The stable monetary unit concept assumes that the value of the dollar is stable over time. This concept essentially allows accountants to disregard the effect of inflation -- a decrease, in terms of real goods, of what a dollar can purchase.
monetary unit principle. A generally accepted accounting principle under which a company reports their financial position to shareholders and the Securities and Exchange Commission. In the monetary unit principle, accounting is done on transactions expressed as units of currency, such as the U.S. Dollar, the UK Pound Sterling, the Japanese Yen, etc. http://www.businessdictionary.com/definition/monetary-unit-principle.html.