Question

Classify the following into accounting assumptions, principles and modifying principles Accounting entity concept, dual concept, Money Measurement, Matching Principles, going concern concept, Accounting period concept, cost-benefit principle, consistency principle, Full disclosure principle, Timeliness, Historical cost principle.

Answer 1

Accounting Assumption	Principles	Modifying principle
Accounting entity concept	Dual concept Matching principle	Cost-benefit principle
Going concern concept	Full disclosure principle	Consistency  principle
Accounting period	Historical cost principle	time liness principle
Money Measurement