Which of the following are $\bold{assumptions}$ of accounting?

Question

Quizplus · Accepted Answer

The assumptions of accounting are usually considered to be the unit of measure and the separate entity concept. While other concepts, such as cost and revenue recognition, matching, and full disclosure, are important principles in accounting, they are not considered to be assumptions. Cost-benefit and materiality are important concepts in decision-making, but they are not specific to accounting. Industry practices are also not considered to be accounting assumptions, but they may be taken into consideration when making accounting decisions.

Which of the Following Are assumptions\bold{assumptions}assumptions Of Accounting? A)Unit of Measure,separate Entity B)Cost,revenue Recognition,matching,full Disclosure C)Cost-Benefit,materiality,industry

Which of the Following Are $\bold{assumptions}$ Of Accounting?
A)Unit of Measure,separate Entity
B)Cost,revenue Recognition,matching,full Disclosure
C)Cost-Benefit,materiality,industry