Title: The Evolution and Relevance of Historical Costing Principles in Modern Accounting Theory

1.How permanent do you think the postulates and principles
underlying historical costing will be?
2.If you could relate materiality, disclosure, and
conservatism to types of measurements (nominal, ordinal, interval, and ratio
scale), how would you?
Answer above questions based on chapter  5 Postulates, Principles,
and Concepts Accounting Theory: Conceptual Issues in a Political and Economic
Environment, 9th edition, by Wolk, Harry I, James L Dodd & John J
Rozycki, Sage Publishing.
ISBN: 9781483375021