Expert Q&A Done r Historic cost Matching accounting assumption does the comment below refer so is recorded in terms of money, Items which cannot be recondod in se 30 Everyth and not included. It follows that the financial statements only give spertial pct ignored and not inc state of a business. f Money measurement r Time period Business entity of t 131. Which accounting concept does the comment below refer to? ference between revenue and expenses not cash received and paid Expesa matched to revenues, for example if rent has been set as a percentage of sales a tumover nor then the rent is accrued in the accounts is the same period as the sales and not when the nent i actually paid. Full disclosure Matching Revenue recognition 132. Which accounting concept does the comment below refer o? There are two sides to accounting, one represented by the assets and the other nepeesented by the liabilities against them. Matching r Accrual Dual aspect 133. Which accounting assumption does the comment below refer to? Accounting assumes the business will continue Time period Business entity Going concern