Fill in the blanks with suitable words

1. In double entry accounting, all business transactions are marked as having __________ aspect.
2. Accounting principles are only __________ based on usage, and experience over a period of years.
3. Accounting concepts are not _________ forever.
4. The separate legal entity is recognised by law in the case of a _______ form of business organisation.
5. Though separate entity is not recognised by law in some types of organisations, the assumption of separate entity has to be followed in __________ types of business organisations.
6. The capital of the business is considered as a __________ of the business to its owners.
7. At cost or book value means cost ____________ depreciation.
8. Periodicity concept emphasises _____________ period assumption.
9. The cost concept is also referred at as ________ cost concept.
10. __________ concept assumes that the business entity will continue its activities independently.
11. The money measurement assumption which assumes that purchasing power of money is always __________.
12. The realisation concept emphasises the timing of __________.
13. The essence of accrual concept is that the earning of a revenue and consumption of expenses are related to a __________.
14. Disclosure is the_________ and _________ of financial information to its users.
15. Accounting records and statements must confirm to __________.