a) State the most suitable accounting concept for each of the statement below:

Accounting concepts:

Accounting period, Matching, Separate Entity, Prudence, Consistency, Accruals, Money

measurement, Going concern, Double Entry System, Historical Cost

1. Benjamin Sdn Bhd has been using the straight line method for depreciation of motor

vehicles for the last 3 years.

2. For every business transaction, the accountant recorded a minimum of two accounts,

where the debits must be equal to the credits.

3. Due to an emergency, Emily withdraw money from her business for personal usage. This

withdrawal is recorded in the drawing account.

4. Adipati Holdings bought a new company with the assumption that the company can run

for a foreseeable future.