alleryStart learning →Sort accounting ideas into two piles
Exercise and reference answers
- Left
- Assumption
- Items
- Item
- Money Measurement
- Answer
- Assumption
- Item
- Materiality
- Answer
- Constraint
- Item
- Prudence
- Answer
- Constraint
- Item
- Going Concern
- Answer
- Assumption
- Item
- Business Entity
- Answer
- Assumption
- Item
- Cost Benefit
- Answer
- Constraint
- Item
- Time Period
- Answer
- Assumption
- Item
- Consistency
- Answer
- Constraint
- Right
- Constraint
- Instructions
- Swipe left for an accounting assumption, swipe right for an accounting constraint.
Explanation
_Source: ICSI CS Executive Paper 5 (Corporate and Management Accounting) — Lesson 1 & 2: Introduction to Financial and Corporate Accounting, pp. v–vii and x._