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:

Value of Marginal Product

The additional revenue generated by employing one more unit of a factor of production, keeping other factors constant.

Bottled Water

Drinking water packaged in plastic or glass bottles, often purified and sold as a convenient and portable alternative to tap water.

Terracotta Sarcophagi

Ceramic coffins used in ancient times, particularly by the Etruscans, often elaborately decorated to honor the deceased.

Reclining Figures

This refers to statues, sculptures or other representations of figures lying down, often used in art to depict relaxation, sleep, or death.