Two Accounting Principles That Are Relied on in the Adjusting

question 187

Multiple Choice

Two accounting principles that are relied on in the adjusting process are:

• A) Revenue recognition and monetary unit.
• B) Revenue recognition and going-concern.
• C) Matching and cost.
• D) Matching and business entity.
• E) Revenue recognition and matching.

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Definitions:

Security Needs

A level in Maslow's hierarchy of needs, focusing on the desire for safety, stability, and protection from physical and emotional harm.

Affiliation Needs

The human desire to form and maintain interpersonal relationships, connections, and a sense of belonging.

Safety Needs

Basic human needs for security and protection from harm, as identified in Maslow's hierarchy of needs, following physiological needs.

Recognition Needs

Human needs pertaining to the desire for appreciation, acknowledgement, and validation of one’s skills, accomplishments, and contributions.