Identify the accounting concepts for the following cases:

a) Mr. Zaim have cafeteria in Melaka, the business only recorded the money term on transaction involves in business.

b) Big Ford Electrical Sdn Bhd using same method of calculating depreciation on recording transaction.

c) Mariam record payment personal club fees as business expenses.

d) Fress Market record RM500,000 equipment at cost rather than the market value which is RM 320,000.

e) Hakim open a new company and assumed the business have indefinite life.

f) The concepts underlying basis of the double entry bookkeeping system and also known as the accounting equation.

g) Accounting is only concerned with the recording of facts that can be expressed in monetary terms, as opposed to using physical or time units of measurement.

h) A very large business has a small amount of stationery on hand at the end of the financial year. The business does not make an effort to value it.

i) Once a particular accounting method is adopted by a business, it must be used in the subsequent years.

j) The recognition of revenues when earned and expenses incurred regardless of when cash is received or paid.