Match the Following Principles with Their Correct Definition

question 196

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 requires that financial information be reported in monetary terms.

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Definitions:

Geert Hofstede

A Dutch social psychologist known for his research on the comparison of cultures across nations, particularly in workplace values.

Collective Programming

Involves multiple programmers working together on the same codebase in real-time, often to enhance creativity and problem-solving.

Indicate Numbers

The process of representing or denoting numbers, often for the purpose of analysis or comparison.

Cultural Practices

The patterns of behavior accepted by a society that reflect its traditions, beliefs, and values.