Match the Letter of Each Principle or Assumption or Qualitative

Multiple Choice

Match the letter of each principle or assumption or qualitative characteristic with the appropriate statement.
-The decision is made to accept some inaccuracy because of incomplete information about the future in exchange for more timely reporting.

A) Business entity
B) Going concern
C) Time period
D) Monetary unit
E) Historical cost
F) Conservatism
G) Realization
H) Consistency
I) Full disclosure
J) Verifiability
K) Materiality
L) Industry practices