You are viewing Aboor...'s screen View Options erence Msingi RA View AN et XAR Emphasis Heading! Heading 2 Normal Strong Paragraph 0.2-Accounting concepts-matching- -10 marks Listed below are several qualitative characteristios, acourting principles and assumptions. Match the letter of each with the appropriate phrase that states its application (Items a through k may be used more than once or not at all) a. Economic entity assumption 9. Expense recognition principle b. Going concern assumption h. Ful disclosure principle 0. Monetary unit assumption i Relevance d. Periodicty assumption i Faithful representation e. Cost principle k Comparability 1. Revenue recognition principle 1. Stable-dollar assumption (do not use historical cost principle). 2. It is probable that future coonomic benefits will flow to the company and it is possible to reliably measure the amount 3. Presentation of error-free information 4. Yearly financial reports 6. Recording annual depreciation 6. Useful standard measuring unit for business transactions 7. Notes as part of necessary information to a fair presentation 8. Affairs of the business distinguished from those of its owners. 9. Business enterprise assumed to have a long life. 10 Valurg assets at amounts originally paid for them. United State) EY 9028 Participants + Share Screen Chat Record Reactions