MATCHING Match the items in column A to corresponding descriptions in column B. your answer book, write down the question number and the letter of the correct answer next to it For example: 3.1 D Each question is worth two (1) marks. QUESTION 3 (8 Marks Column A Column B 3.1 Assets are recorded at purchase price A. Historical Cost 3.2 Financial information is useful B. 3.3 Going Concern Matching Cost Benefit 3.4 Some information is too costly to obtain C. Records revenues and expenses in a period D. Financial reporting is unbiased E. Financial information can be trusted F. 3.5 Conservatism 3.6 Objectivity 3.7 Businesses have indefinite lives G. Relevance 3.8 Estimates are made modestly H. Reliability