For Each of the Following Sentences ,Select the Word or Group

question 90

Short Answer

For each of the following sentences ,select the word or group of words that best completes the statement.
$$\begin{array} { l l l } \text { Matching } & \text { Cash basis } & \text { Measurement } \\\text { Deferred revenue } & \text { Adjustments } & \text { Deferred expense } \\\text { Accrual basis } & \text { Recognition } & \text { Accrued asset }\end{array}$$
-The success of accounting as a form of communication depends on two concepts,____________________ and ____________________.

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Definitions:

Hostage

A person seized or held as security for the fulfillment of a condition.

Revolutionary War

The conflict between the Thirteen American Colonies and British government between 1775 and 1783, which led to the colonies' independence as the United States of America.

Opening Battle

The first engagement or conflict in a war or series of battles, setting the tone and often influencing the course of the subsequent conflict.