Question: Match each phrase from list A with the correct term from list B by placing the latter designating in the answer Colum Materialty A Scope
Match each phrase from list A with the correct term from list B by placing the latter designating in the answer Colum Materialty A Scope limitation or a departure from counting standards Liquidity B. The life of enterprise can be divided into time periode Accrued liabilities thems expected to be converted to cash or consumed within one year of the operating cycle Periodicity D. Relates to the amount of time before an asset is converted to cash or a liability is Intangible asset paid Revenue recognition E Concerns the relative size of an item and its effect on decisions Statement of financial position F. Recorded when an expense is incurred but not yet paid Qualified opinion G. Record expenses in the period the related revenue is recognized Matching principle H. Record expenses in the period the related revenue is recognized Economic entity assumption L. The statements are presented fairly in conformity with accounting standards 3. Criteria usually satisfied at point of sale
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