9-25 Match the following generally accepted accounting principles with their definitions from the
list below.
a. Going concern
b. Conservatism
c. Matching
d. Cost
e. Objective Evidence
f. Materiality
In reporting the financial position of thee organization, sufficient consideration should be given to
the various risks the organization faces
Financial statements are prepared based on the assumption that the organization will remain in
business for the foreseeable future. If that is not likely to be the case, it must be disclosed.
An error is large enough to be a concern if any individual would make a different decision based
on the incorrect information resulting from the error than if they possessed the correct information.
Expenses should be recorded in the same accounting period as the revenues that they were
responsible for generating.
Financial report should be based on such evidence as reasonable individuals could all agree upon
all agree upon within relatively narrow bounds.
The value of what was given up to acquire the item.
Z Score,T Score, Percential Rank and Box Plot Graph
925 Match the following generally accepted accounting princ.pdf
1. 9-25 Match the following generally accepted accounting principles with their definitions from the
list below.
a. Going concern
b. Conservatism
c. Matching
d. Cost
e. Objective Evidence
f. Materiality
In reporting the financial position of thee organization, sufficient consideration should be given to
the various risks the organization faces
Financial statements are prepared based on the assumption that the organization will remain in
business for the foreseeable future. If that is not likely to be the case, it must be disclosed.
An error is large enough to be a concern if any individual would make a different decision based
on the incorrect information resulting from the error than if they possessed the correct information.
Expenses should be recorded in the same accounting period as the revenues that they were
responsible for generating.
Financial report should be based on such evidence as reasonable individuals could all agree upon
all agree upon within relatively narrow bounds.
The value of what was given up to acquire the item
