Match the Following Principles with Their Correct Definition

question 225

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 divides the life of a company into artificial time periods such as quarters and years.

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Definitions:

Government Caps

Limits or regulations imposed by government on prices, rents, or quantities that can be charged or supplied in certain markets.

Marginal Social Benefit

The additional benefit to society as a whole from the consumption or production of one more unit of a good or service.

Pollution Emission

The release of pollutants into the environment, often as a byproduct of industrial processes or vehicle operation.

Pollution Reduction

The process or policies aimed at decreasing the amount of pollutants released into the environment to improve environmental health and quality.