Question Match each basic accounting principle to its premise. A Going Concern Principle B Realization Principle C Money Measurement Principle As most businesses expect to operate over extended periods of time, evaluation of business assets is less important Holds that revenue should be recorded when the goods or services are provided The purchase price of an item is a valid way to value an asset D Business Entity Principle E Cost Concept The purpose of accounting is to keep records for the business, not individuals Only the money involved in a business should be accounted for