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Research the following concepts and provide a brief description of your understanding of each concept,with an example of how it is applied.Please do not copy

Research the following concepts and provide a brief description of your understanding of each concept,with an example of how it is applied.Please do not copy a definition directly, you must provide an explanation demonstrating comprehension of the meaning of each term:

  1. The Economic Entity Concept
  2. Accounting Period Concept
  3. Going Concern Concept
  4. The Cost Principle
  5. Matching Principle
  6. Revenue Recognition Principle
  7. Full Disclosure Principle

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