Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 23 Jul 2017 My Price 11.00

rinciple or assumption

Match each of the numbered descriptions with the principle or assumption it best reflects. Enter the letter for the appropriate principle or assumption in the blank space next to each description.

A. Cost principle

B. Matching principle

C. Specific accounting principle

D. Full disclosure principle

E. General accounting principle

F. Business entity assumption

G. Revenue recognition principle

H. Going-concern assumption

1. Revenue is recorded only when the earnings process is complete.

2. Information is based on actual costs incurred in transactions.

3. Usually created by a pronouncement from an authoritative body.

4. Financial statements reflect the assumption that the business continues operating.

5. A company reports details behind financial statements that would impact users’ decisions.

6. A company records the expenses incurred to generate the revenues reported.

7. Derived from long-used and generally accepted accounting practices.

8. Every business is accounted for separately from its owner or owners.

Answers

Maurice Tutor
(5)
Status NEW Posted 23 Jul 2017 10:07 PM My Price 11.00

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