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Match the Following Principles with Their Correct Definition

Question 115

Short Answer

Match the following principles with their correct definition.
a.Comparability
g.Historical cost
b.Conservatism
h.Matching
c.Double-entry accounting
i.Monetary unit
d.Economic entity
j.Revenue recognition
e.Going concern
k.Time period
f.Full disclosure
-This assumption states that in the absence of information to the contrary, it should be assumed that a company will continue to operate indefinitely.

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