Match the items below by entering the appropriate code letter in the space provided.
A. CPA
B. Budgeting
C. SEC
D. Proprietorship
E. Economic Entity Assumption
F. Corporation
G. Assets
H. Equities
I. Expenses
J. Transaction
1. Activities of an entity must be kept separate from its owner's activities.
2. Consumed assets or services.
3. Ownership is limited to one person.
4. Offers expert accounting service to the general public.
5. Creditor and ownership claims against the assets of the business.
6. A separate legal entity under state laws.
7. Government agency that can mandate accounting rules.
8. Quantifying goals and objectives.
9. Future economic benefits.
10. Economic events recorded by accountants.
Answers to Matching

Question

Match the items below by entering the appropriate code letter in the space provided.
A. CPA 
B. Budgeting 
C. SEC 
D. Proprietorship
E. Economic Entity Assumption
F. Corporation
G. Assets
H. Equities
 I. Expenses
 J. Transaction
1. Activities of an entity must be kept separate from its owner's activities.
2. Consumed assets or services.
3. Ownership is limited to one person.
4. Offers expert accounting service to the general public.
5. Creditor and ownership claims against the assets of the business.
6. A separate legal entity under state laws.
7. Government agency that can mandate accounting rules.
8. Quantifying goals and objectives.
9. Future economic benefits.
10. Economic events recorded by accountants.
Answers to Matching

Quizplus · Accepted Answer

The Answer of Match the items below by entering the appropriate code letter in the space provided.
A. CPA 
B. Budgeting 
C. SEC 
D. Proprietorship
E. Economic Entity Assumption
F. Corporation
G. Assets
H. Equities
 I. Expenses
 J. Transaction
1. Activities of an entity must be kept separate from its owner's activities.
2. Consumed assets or services.
3. Ownership is limited to one person.
4. Offers expert accounting service to the general public.
5. Creditor and ownership claims against the assets of the business.
6. A separate legal entity under state laws.
7. Government agency that can mandate accounting rules.
8. Quantifying goals and objectives.
9. Future economic benefits.
10. Economic events recorded by accountants.
Answers to Matching

Match the Items Below by Entering the Appropriate Code Letter