You are viewing Aboor...'s screen View Options erence Msiinge Row View AA X' A' EEEEE 9:15 AaBbce AaBbc AaBbc AaBbCet AuBbcel AaBbce A Emphasis Heading! Heading 2 Hommal Strong Paragraph 0.2-Accounting concepts-matching- -10 marks Listed below are several qualitative characteristios, acourting principles and assumptions. Match the letter of each with the appropriate phrase that states its application (Items a through k may be used more than once or not at all) a. Economic entity assumption 9. Expense recognition principle b. Going concern assumption h. Ful disclosure principle o. Monetary unit assumption | Relevance d. Periodicity assumption Faithful representation e. Cost principle k Comparability 1. Revenue recognition principle 1. Stable-doilar assumption (do not use historical cost principle). 2. It is probable that future coonomic benefits will flow to the company and it is possible to reliably measure the amount 3. Presentation of error-free information, 4. Yearly financial reports 6. Recording annuel depreciation 6 Useful standard measuring unit for business transactions 7. Notes as part of necessary information to a fair presentation 8. Affairs of the business distinguished from those of ts owners. 9. Business enterprise assumed to have a long life 10 Valurg assets at amounts originally paid for them Urwted State EV de 28 + Share Screen Participants Chat Record Reactions