Inicia sesión
Crear juego
Tipos de juegos
Centro de ayuda
Game Pin
Noticias
Planes
Crear juego
Inicia sesión
Todos los juegos
Jugar Ordenar Letras
Imprimir Ordenar Letras
Accounting Concepts
Author :
Sanka Silva
1.
We must treat similar items in the same way.
E
C
I
O
Y
N
N
T
C
S
S
2.
Make sure that assets and incomes are not overstated, and liabilities and expenses are not understated.
U
E
D
C
N
E
R
P
3.
The accounts should show the revenues earned in an accounting period matched against the expenses involved in earning those revenues.
U
S
L
C
A
R
C
A
4.
An entity that will continue its present operations for the foreseeable future.
C
R
N
O
C
N
N
G
I
G
O
E
5.
This states that transactions should be recorded in the books of account using the actual cost at the time the transaction took place.
S
H
C
C
T
O
R
O
T
I
I
S
6.
Allows for the correct accounting treatment to be ignored if the amount involved is insignificant relative to the size of the business.
A
T
R
I
E
M
L
I
A
Y
T
7.
Items should only be recorded in the books of accounts if they can by measured in monetary terms.
O
Y
E
T
M
R
N
N
E
M
E
S
A
U
E
M
8.
Revenues should only be recognized when the exchange of goods and services has taken place.
I
A
Z
R
N
I
E
A
T
L
O
9.
Only the transactions relating to the business are recorded in the books of account for the business.
T
I
N
E
S
Y
I
E
N
U
B
S
S
T
