Match the Following Principles with Their Correct Definition

question 65

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
-Any information that would make a difference to financial statement users should be reported.

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Definitions:

Motivation

The reason or reasons one has for acting or behaving in a particular way; the general desire or willingness of someone to do something.

Social Loafing

A phenomenon where individuals exert less effort when working in a group than when working individually.

Disjunctive Task

A task for which the group’s performance is dependent on the performance of the best group member.

Social Loafing

The situation in which persons show reduced effort in achieving objectives when they are part of a team versus working individually.