Match the Following Principles with Their Correct Definition

question 184

Multiple Choice

Match the following principles with their correct definition.
-This system is used by companies to record the effects of transactions on the accounting equation.

• A)comparability
• B)conservatism
• C)double-entry accounting
• D)economic entity
• E)going-concern
• F)full disclosure
• G)historical cost
• H)matching
• I)monetary unit
• J)revenue recognition
• K)time period

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Definitions:

Dividend Income

Income earned from owning shares of a company, typically paid out from the company's profits to shareholders at regular intervals.

Investment Guidelines

A set of principles or rules designed to guide the management of investments, ensuring they meet specific objectives and constraints.

Money Market Accounts

Interest-bearing accounts offered by banks and credit unions, providing higher interest rates than savings accounts.

Diversify Investments

A strategy to spread investments across various assets to reduce risk.