Identify each of the following terms/phrases as either an accounting: (a) Principle, (b) Assumption, (c) Constraint. 1.
Question:
(a) Principle,
(b) Assumption,
(c) Constraint.
1. Materiality
2. Time period
3. Benefit exceeds cost
4. Revenue recognition
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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