Start learning →

Sort the accounting words

Exercise and reference answers

Items
  1. Group
    Records
    Item
    Journal
  2. Group
    Records
    Item
    Ledger
  3. Group
    Records
    Item
    Trial balance
  4. Group
    Principles
    Item
    Cost
  5. Group
    Principles
    Item
    Matching
  6. Group
    Principles
    Item
    Disclosure
  7. Group
    Assumptions
    Item
    Going concern
  8. Group
    Assumptions
    Item
    Separate entity
  9. Group
    Assumptions
    Item
    Monetary unit
Groups
  1. Item
    Records
  2. Item
    Principles
  3. Item
    Assumptions
Instructions
Drop each word onto records, principles or assumptions.

Explanation

_Source: OpenStax Principles of Financial Accounting, Chapter 3, Analyzing and Recording Transactions._
Continue learning with Quill →

Browse more ICAG (Ghana) questions and exercises →