Answer and Explanation:
a. Going Concern Assumption : It means the organization would be remain open always whether the people go or not
b. Economic Entity Assumption
: The owner and the business records should be maintained separately.
c. Monetary Unit Assumption
: It means all the transactions should be recorded in monetary terms
d. Periodicity Assumption
: It means for a period of time different financial information could be recorded
e. Historical Cost Principle : Always used the orginial cost at the time of recording
f. Full Disclosure Principle: All information should be disclosed to the notes to the financial statements
