$1)$ The death of the chief executive officer of the company is not recorded in the accounts.

$2)$ The accountant records only events that affect the financial position of the entity and at the same time, can be reasonably determined in monetary terms.

$3)$ Same treatment is given to comparable transactions from period to period

REQUIRED:

Showcase your understanding of and correctly classify the accounting assumptions or principles that describes each of the above situations and provide suitable explanations for the same.