Identify the accounting concept that describes each situation below:

$($a$)$ Is the rationale for whyplant assets are not reported at liquidation value. $($Do not use the historical cost principle$)$

Ail Indicates that personal and business recordierping should be separately maintained.

$($c$)$ Creares that at relevant financial information is repertied.

$($id$)$ Assumes that the dollar is the "meauring stick" used lo report on financial performance.

$($e$)$ Requires that accounting shindards be followed for all term of silpilicant slie.

if Separates fancial information into time periods for reporting purpeses.

$(1)$ Requires recognition of experses in the same period an related revenues.

$(1)$ Indicates that fair value changen whequent to parchase are not recorded in the accounts.