Question

I want an answer answer answer

Answer 1

Yo!

Here's the answer!

a) Historical cost of an asset: They are recorded at the price paid to acquire them.

b) Revenue Realisation (Concept): Revenue is considered as an income earned on the date. It can only be recognised when earned.

c) Full disclosure (principle): Disclosed fully and completely all the significant information regarding a company's final accounting statements.

Hence A - 2, B - 1, C - 3.

Hope it helps! <3

–Neri12