Answer:
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The definition in my own words are:
- Cash Basis of Accounting: is type of accounting that that makes use of revenues and expenses at the time cash is received.
- Accrual Basis of Accounting: The accrual basis of accounting focus on recording revenues .
- Matching Principle: can be regarded as accounting concept that focus on companies report expenses .
- Time-Period Principle: is one that a business should report the states that financial results of its activities .
- Accounting Period: serves as the period of time that is used for accounting functions, this can be a fiscal year.
<h3>What is accounting?</h3>
Accounting serves as the process which involves the recording as well as summarizing business and financial transactions.
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I think the answer to this is A. True
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Answer:
A. Input measures, process measures and output measures
Explanation:
A project should have all of the following measures.
Input Measures
To ealuate the performance of the project we should measure the resource being used in the project.
Process Measure
In processing phase we should have controls over the resource to get the required output.
Output measure
We should measure the output that a process gives after processing on the resources being input in the process.
