Recently,two friends in Australia combined their monetary resoures and formed a business.Regardless of the form of the business,at the time of purchase,an asset is recorded in the accounting records...

Recently,two friends in Australia combined their monetary resoures and formed a business.Regardless of the form of the business,at the time of purchase,an asset is recorded in the accounting records of the business in Australian dollars for each asset,because of the:

A.Monetary Unit Concept

B.Dual effect of transactions

C.Historical Cost Principle

D.Entity Concept

E.Asset Recognition Principle