Accounting Rules
Skills Test- Answers

Question 1
accrual

Question 2
revenue realization

Question 3
matching

Question 4
accounting period

Question 5
money measurement

Question 6
business entity

Question 7
going concern

Question 8
historical cost

Question 9
conservatism

Question 10
consistency

Question 11
comparable

Question 12
materiality

Question 13
cost benefit

Question 14
industry practices