Financial Accounting MatchingSee attached documentListed below are several information characteristicsaccountingprinciples constraints and assumptions.
Match the letter of each with the appropriate phrase that states its
application. (Items a through L may be used more than once or not at all.)a. Economic entity assumption g. Matching principleb. Going concern assumption h. Full disclosure principlec. Monetary unit assumption i. Relevance characteristicd. Periodicity assumption j. Reliability characteristice. Historical cost principle k. Consistency characteristicf. Revenue recognition principle L. Conservatism____ 1. Stable-dollar assumption (do not use historical cost principle).____ 2. Earning process completed and realized or realizable.____ 3. Presentation of error-free information with representational
faithfulness.____ 4. Yearly financial reports.____ 5. Accruals and deferrals in adjusting and closing process. (Do not use going
concern.)____ 6. Useful standard measuring unit forbusinesstransactions.____ 7. Notes as part of necessary information to a fair presentation.____ 8. Affairs of thebusinessdistinguished from those of its owners.____ 9.Businessenterprise assumed to have a long life.____ 10. Valuing assets at amounts originally paid for them.____ 11. Application of the sameaccountingprinciples as in the preceding year.____ 12. Summarizing significantaccountingpolicies.____ 13. Presentation of timely information with predictive and feedback value.___ 14. Using the lower of cost or market approach in valuing inventories.___ 15. Recording a transaction when goods or services are exchanged for cash
or claims to cash.

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