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Unit factors may be made from any two terms that describe the same or equivalent amounts of what we are interested in. For example, we know that. 1 inch = 2.54 centimeters Note: Unlike most English-Metric conversions, this one is exact.There are exactly 2.540000000...nit factors may be made from any two terms that describe the same or equivalent amounts of what we are interested in. For example, we know that. 1 inch = 2.54 centimeters Note: Unlike most English-Metric conversions, this one is exact.
A unit of account in financial accounting refers to the words that are used to describe the specific assets and liabilities that are reported in financial statements rather than the units used to measure them.Unit of account and unit of measure are sometimes treated as synonyms in financial accounting and economics.he unit of account in economics (unit of measure in accounting) suffers from the pitfall of not being stable in real value over time because money is generally not perfectly stable in real value during inflation and deflation.