1. ________ principle suggests deferring revenue until it is reasonably certain.
   Accruals or Matching
   Business Entity or Separate Entity
   Dual effect or Duality
   Prudence or Conservatism
   
2. ________ concept suggests that accounts should reflect not only the transactions but all activity of the business.
   Accruals or Matching
   Business Entity or Separate Entity
   Dual effect or Duality
   Prudence or Conservatism
   
3. ________ convention suggests that the business and its owners are separate for accounting purposes.
   Accruals or Matching
   Business Entity or Separate Entity
   Dual effect or Duality
   Prudence or Conservatism
   
4. ________ convention suggests that every transaction has two effects on the company’s balance sheet.
   Accruals or Matching
   Business Entity or Separate Entity
   Dual effect or Duality
   Prudence or Conservatism
   

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