Directions: State what accounting principle has been applied on each number. Choose your answers from the box. Write your answers on a separate sheet of paper. Materiality Conservatism Time period Objectivity Disciosure Monetary unit Cost Revenue Recognition Going Concern Business entity J. Mr. Lopez has his shoe branch in America and the financial records there are in dollars. 6. Ms. Maricar kept all the relevant information on the accounting firm she is working on and she ensured that everything was written and recorded on the financial reports. 7. Vien is a cashier in a supermarket. She ensures that all transactions are rightly recorded.

Directions: State what accounting principle has been applied on each number. Choose your answers from the box. Write your answers on a separate sheet of paper. Materiality Conservatism Time period Objectivity Disciosure Monetary unit Cost Revenue Recognition Going Concern Business entity J. Mr. Lopez has his shoe branch in America and the financial records there are in dollars. 6. Ms. Maricar kept all the relevant information on the accounting firm she is working on and she ensured that everything was written and recorded on the financial reports. 7. Vien is a cashier in a supermarket. She ensures that all transactions are rightly recorded.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter1: Introduction To Accounting

Section: Chapter Questions

Problem 1SEA: PURPOSE OF ACCOUNTING Match the following users with the information needed. 1. Ownersa. Whether the...

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