Match the Following Principles with Their Correct Definition

question 160

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 principle requires that the activities of a company be initially measured at their exchange price at the time the activity occurs.

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Definitions:

Vestibular Sense

The sensory system responsible for providing the brain with information about motion, head position, and spatial orientation, contributing to balance and movement coordination.

Olfactory Sense

The sensory system responsible for detecting odors, playing a key role in the perception and recognition of smells.

Gustation

The sense of taste, one of the five traditional senses, involving the perception of flavor from substances on the tongue.

Pain

A disagreeable sensory and emotional response linked to either real or possible tissue harm, or articulated in relation to such harm.