The Accounting Concepts: Entity Concept, Going Concept, Money Measurement - SS1 Accounting Past Questions and Answers - page 1

Which accounting concept assumes that a business will continue to operate into the foreseeable future?

Which accounting concept requires that only monetary transactions should be recorded in a business's financial statements?

Which accounting concept assumes that assets should be recorded at their historical cost?

Which accounting concept requires that expenses be matched with the revenue they generate?

Which accounting concept requires that revenue and expenses be recorded when they are earned or incurred, rather than when payment is received or made?

What is the entity concept in accounting? 

What is the purpose of the consistency concept in accounting?