Explain the monetary assumption and the economic entity, Operation Management

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Explain the monetary assumption and the economic entity

1. Explain the monetary assumption and the economic entity assumption.

2. Please state the accounting equation. What are the main elements in that equation? Explain.

3. How business transaction relates to the accounting equation? What are the main financial statements? Explain the purpose of each one of them.

4. Why are ethical fundamentals important in the accounting field and for the business?

Write short sentences for each be original only

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Operation Management: Explain the monetary assumption and the economic entity

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Operation Management: Explain the monetary assumption and the economic entity

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