Following situations are related to Weller, Inc. of a specific month:-

i) Accounts receivable are recorded for sales on account rather than waiting until cash is received.

ii) Goodwill is recorded only at time of purchase.

iii) Ensures that all relevant financial information is reported.

iv) Indicates that owners and business record should be separately maintained.

v) Separate financial information into time periods for reporting purposes. vi) Assume that the Taka is the measuring stick used to report on financial performance of a Bangladeshi company.

Required: you are required to identify and explain the accounting assumptions, principles or constraints that describes each situation above.