Accountıng I Deneme Sınavı Sorusu #1135930
Which of the following assumes that unlimited economic life of a company will be divided into regular intervals and that financial statements will be prepared for specific periods such as a month, quarter, or year?
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Time period concept |
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Lİquidity |
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Accrual basis accounting |
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Cash basis accounting |
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The revenue recognition principle |
Yanıt Açıklaması:
The time-period concept assumes that unlimited economic life of a company will be divided into regular intervals and that financial statements will be prepared for specific periods such as a month, quarter, or year.
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