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please answer fast I have quiz 15 minutes Question 3 (3.5 points) Match the following terms with the best description provided. Going concern assumption. Each
please answer fast I have quiz 15 minutes
Question 3 (3.5 points) Match the following terms with the best description provided. Going concern assumption. Each transaction is recorded with 1. equal debits and credits. Activities of a business or 2. organization are kept separate from other reporting entities and the owner. 3. The organization will continue to operate in the foreseeable future A fundamental qualitative characteristic. Reporting entity concept. Accrual basis. 4. The organization divides up economic activities into distinct time periods. Accounting. 5. Faithful representation. ODDD Periodicity concept. 6. Double entry accounting system. The information system that identifies, records and communicates economic events to users. Events are recorded in the period when they occur, not when the cash is paid or received 7Step by Step Solution
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