Drag the tiles to the correct boxes to complete the pairs. Match the characteristics with their relevant accounting principles. materiality prudence consistency objectivity Terry hopes to earn a profit of $5,000 next month. However, he doesn't record it in the book of accounts. Investors view financial statements as a reliable document on which they can base investment decisions. The accountant uses the same method of calculating profit. A company can back every purchase with a receipt.

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter2: Developing The Business Idea
Section: Chapter Questions
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Drag the tiles to the correct boxes to complete the pairs.
Match the characteristics with their relevant accounting principles.
materiality
prudence
consistency
objectivity
Terry hopes to earn a profit of $5,000 next month.
However, he doesn't record it in the book of accounts.
Investors view financial statements as a reliable document
on which they can base investment decisions.
The accountant uses the same method of calculating profit.
A company can back every purchase with a receipt.
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Transcribed Image Text:Drag the tiles to the correct boxes to complete the pairs. Match the characteristics with their relevant accounting principles. materiality prudence consistency objectivity Terry hopes to earn a profit of $5,000 next month. However, he doesn't record it in the book of accounts. Investors view financial statements as a reliable document on which they can base investment decisions. The accountant uses the same method of calculating profit. A company can back every purchase with a receipt. Reset Next ©2020 Edmentum. All rights reserved. P Type here to search
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