See below for the questions. I check for plagiarism.
Please answer the following questions using a separate paragraph for each question. You might want to number the paragraphs to match the question also.
4. Define each of the assumptions used in financial accounting. (Economic Entity Assumption, Groing Concern Assumption, Monetary Unit Assumption, and the Periodicity Assumption)
5. Define each of the accounting principles used in financial accounting. (Measurement, Revenue Recognition, Expense Recognition, and Full Disclosure)
6. What is the constraint used in financial accounting. (answer is cost constraint, define and elaborate.)