1 Instructions: Save this Excel workbook to the desktop and add your name and Id number. 2 3 Assignment 1: Explain or define each of the accounting concepts noted below. Points: 12 pts 6 7 Accounting Terminology: 8 Explain the matching principlel. 9 Explain the going concern assumption. 10 Explain the monetary unit assumption. 11 How is net income or net loss calculated? 2 Explain the cash basis of accounting. 13 Explain the accrual basis of accounting. 4 5 6 7 8 Define

Instructions: Save this Excel workbook to the desktop and add your name and Id number. Assignment 1: Explain or define each of the accounting concepts noted below. Points: 12 pts Instructions: Save this Excel workbook to the desktop and add your name and Id number. Assignment 1: Explain or define each of the accounting concepts noted below. Points: 12 pts