Match the Following Principles with Their Correct Definition

question 82

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 states that accountants should take care to avoid overstating assets or income when they prepare financial statements.

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Definitions:

Power

The capacity or ability to direct or influence the behavior of others or the course of events.

Flatter Organizational Structure

A management structure with fewer levels of middle management, intended to promote faster decision-making and increased employee involvement.

Superior-Subordinate Relationship

The interaction and power dynamics between individuals in higher positions and those in lower positions within an organizational hierarchy.

Community Power Debate

Refers to discussions and analyses concerning the distribution and exercise of power within communities, including who holds power and how it influences community decisions and dynamics.