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:

Ethmoid

A lightweight, spongy bone located at the root of the nose between the eyes, forming part of the cranial floor and part of the nasal cavity and eye orbits.

Sphenoidal

Pertaining to the sphenoid bone, a butterfly-shaped bone at the base of the skull that plays a crucial role in the cranial structure and houses the pituitary gland.

Mastoid

A prominent bone located behind the human ear, part of the temporal bone, containing air cells that drain the middle ear.

Lifelike Wax Statues

Hyper-realistic sculptures made from wax, designed to represent famous individuals or historical figures with striking accuracy.