A	Periodicity assumption	E	Full disclosure principle	J	Representational faithfulness
B	Monetary unit assumption	F	Revenue recognition principle	K	Comparability (incl. Consistency)
C	Going concern assumption	G	Historical cost principle	L	Relevance
D	Economic entity assumption	H	Matching principle	M	Materiality
		I	Timeliness	N	Conservatism

Provide the letter corresponding to the SINGLE, PRIMARY assumption, principle, or qualitative characteristic that corresponds with each of the following statements. Hint: Use one of these concepts (letters) twice and leave one of these unused.

For expediency, a companys records all purchases of office equipment costing less than $300 in the office expense account, rather than the office equipment account in its general ledger.