1 + E : Specific accounting principle - Usually created by a pronouncement an authoritative body.
2 + G: Going-concern assumption - Financial statements reflect the assumption that the business continues operating.
3 + A: General accounting principle - Derived from long-used and generally accepted accounting practices.
4 + C: Business entity assumption - Every business is accounted for separately from its owner or owners.
5 + D: Revenue recognition principle - Revenue is recorded only when the earnings process is complete.
6 + B: Cost principle - Information is based on actual costs incurred in transactions.
7 + F: Matching principle - A company records the expenses incurred to generate the revenues reported.
8 + H: Full disclosure principle - A company reports details behind financial statements that would impact user’s decisions.
