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Team 2
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Teams
Name
Score
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15
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What's standard? recognizing expenses immediately, and not recognizing income until it is reasonably certain
The going concern principle
The matching principle
The consistency principle
The prudence principle
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15
×
What's standard? When preparing accounts, one must assume that the company will still be viable in the years to come
The consistency principle
The going concern principle
The prudence principle
The matching principle
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monster
Reset all scores!
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star
Double points!
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fairy
Take points!
5
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25
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thief
Give points!
5
10
15
20
25
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boom
Lose 50 points!
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seesaw
Swap points!
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shark
Other team loses 25 points!
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baam
Lose 20 points!
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15
×
What's standard? Items are recorded when the income and expense arises, not depend on movement of cash.
The consistency principle
The matching principle
The going concern principle
The prudence principle
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15
×
What's standard? Accounts should be produced using the same principles from one year to the next year
The prudence principle
The consistency principle
The going concern principle
The matching principle
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