Select from the option list provided the appropriate description of each accounting concept below. Each choice may be used once, more than once, or not at all.

Concept	Answer
1. Cost (pervasive)
2. Comparability
3. Freedom from error
4. Consistency
5. Relevance
6. Economic entity
7. Confirmatory value
8. Verifiability
9. Going concern
10. Neutrality
11. Understandability

Answer Options

A. Enhancing qualitative characteristic

B. Threshold for recognition

C. Relevance

D. Fundamental qualitative characteristic

E. Faithful representation

F. Constraint

G. Assumption