of accounting principles, assumptions or accounting quality summarized in the conceptual frame work and other phrases & concepts.

Relevancy Part I (9 points) fill in the blank with appropriate Concepts or phrase from the list , Periodicity , faithful representation , materiality, timeliness , completeness, understandability, comparability, Consistency, consistency, verifiability , free from error , Neutrality, Free of Errors, predictive value, confirmatory value , Historical Cost Principle , Fair Value Option, Revenue recognition Principle, Expenses recognition principle, Full Disclosure Principle, Realization, Recognition, Asset, Liabilities , Revenue, Expenses, Loss., Gain., Cost Benefit constrain, Materiality, Industry practice, Conservatism, ,Accrual Basis Assum. , Economic Unit Assumption. Monetary unit assumption, Going Concern Assumption, Periodicity Assumption. Holding Gain, Capital maintenance Concept (CMC), Financial CMC, physical CMC, Accounting Errors, Change in Principle, Comprehensive Income (CI), OCI, Cooks Jar, Big Path, Earnings Management, Earnings Quality.

1. Providing information that is of sufficient importance to influence the judgment and decisions of an informed user is required by thePrinciple

2. - ..... the change in assets or liability value during the period
3. -----------------------------------portion of the borrowed fund that the lending Bank required to remain as a deposit.

4)_______________________Provide Justification for using the direct write off method to account for receivable rather than the allowance method.

5)_______________________provide justification for the depreciation process and for classification of assets & liabilities into current & concurrent.

6)__________________an Accounting quality which enhanced by classification of financial statements .

7) ..states when in doubt choose the solution that will be least likely to overstate assets and net income.

8)______________________ method to estimate uncollectible expenses provide better measurement of net income and more consistent with matching principle than alternative method.

9) _ The direct write off method to account for uncollectable violates the __________________principle.