I am really struggling. Any help greatly appreciated. Match the accounting conce

Question

I am really struggling. Any help greatly appreciated.

Match the accounting concept to the appropriate situation.
(Points : 1)

Potential Matches: 1 : The financial statements produced by the Walt Disney Company reports the results of operations as measured in dollars. 2 : Even though Sam Walton passed away, Wal-Mart continues to conduct business. 3 : Alan Lucas, owner of Lucas Enterprises, maintains two checking accounts - one for personal affairs and one for the business. 4 : Hirsch Company has hundreds of owners located throughout the country. Once a month, Hirsch sends the financial statements to its owners.

Explanation / Answer

1) 4,2,1,3

2) 5,3,1,2,4

3) 1,2,3

4) 1,2,3

5) 1,4,2,3

6)

The employee receiving cash in the mail makes out the deposit ticket, deposits the cash, and records the deposit in the accounting records.

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