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:

Anticipated Satisfaction

The expected level of satisfaction an individual believes they will receive from a particular action or decision.

Comparison Other

Is the process of evaluating oneself by comparing with others, often used as a benchmark for self-assessment or self-improvement.

Expectancy Theory

is a psychological theory that suggests an individual's motivation is influenced by their expectation of the outcome and its value to them.

Four-Drive Theory

A framework in organizational behavior that identifies four basic motivational drives: the drive to acquire, bond, learn, and defend.