Which of the Following Is a Principle of Accounting

question 102

Multiple Choice

Which of the following is a principle of accounting?

• A)Matching
• B)Separate entity
• C)Integrity
• D)Time period

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Definitions:

Four-Figure Accuracy

A level of precision in numerical representations where the number is rounded or truncated to four significant digits.

Terminating Decimal

A decimal characterized by a restricted amount of digits after the decimal point.

Five-Figure Accuracy

The level of precision in numerical reporting or computation that includes five significant digits.

Four-Figure Accuracy

A term used to describe a level of precision in numerical calculations or measurements that ensures accuracy to the nearest thousand.