Accounting principles and concepts - practice exercises with solutions

Chapter Name: Accounting principles and concepts
Section: Practice exercises and problems
Number of Exercises: 7
Solution: Available for all 7 exercises

Exercise-1: Application of realization and matching principles

Exercise-2: Accounting principles and the valuation of business assets

Exercise-3: Identification of accounting assumptions and principles

Exercise-4: Identification of the violation of accounting principles

Exercise-5: Identification of material and immaterial items

Exercise-6: Accounting practices and their underlying principles and assumptions

Exercise-7: Violation of adequate or full disclosure principle

Exercise-8: Accounting principles and appropriateness of journal entries