Match each of the following terms with the best description below:

1. Historical cost

2. Revenue recognition

3. Going concern assumption

4. Reporting entity concept

5. Monetary unit concept

a. _______ Transactions are recorded in terms of units of money.

b. _______ Transactions are recorded based on the actual amount received or paid.

c. _______ Indicates that personal and business record keeping should be kept separate.

d. _______ Performance obligation has been satisfied.

e. _______ Businesses are expected to continue operating indefinitely.