= Oper with Google Docs Question 2 Identify the most related accounting concept to the scenarios below: (a) Items recorded in the books of the business are restricted to the business transactions only. All other owner's personal transactions should be recorded in his personal books of record. (b) It is assumed that the business will continue to operate for the foresccable future. (c) Accounting information is concerned only with those facts that can be measured in monetary units and most people will agree to the monetary value of the transactions. (d) The life of the business is assumed to be continuous, however, we need to divide it into periods of equal length. (e) Assets acquired are recorded at their original cost/purchase price as stated in the invoice/bills. (D) For every change on the left side, there is an exactly equal and opposite change on the right side of the accounting equation. (6 marks)