Match the accounting terms with the corresponding definitions.

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Part $1$

Accounting Term

Definition

$1.$

Specific identification

$2.$

Materiality concept

$3.$

Last$-$in$,$ first$-$out $($LIFO$)$

$4.$

Conservatism

$5.$

Consistency principle

$6.$

Weighted$-$average

$7.$

Disclosure principle

$8.$

First$-$in$,$ first$-$out $($FIFO$)$