Financial Accounting requires one to understand and apply a set of relevant accounting principles or concepts.

Briefly explain the following concepts, giving an appropriate example in each case:

a) Going- concern. (4marks)

b) Accruals or Matching Concept. (4 marks)

c) Business Entity or Separate Entity Concept. (4 marks)

d) Money measurement Concept. (4 marks)

e) Accounting period or Periodicity Concept. (4 marks)

(Total= 20 marks)