Accountıng I Deneme Sınavı Sorusu #1174900
Which of the following assumes "unlimited economic life of a company will be divided into regular intervals and that financial statements will be prepared for specific periods"?
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Time Period Concept |
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The Revenue Recognition Principle |
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Matching Principle |
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Expense Recognition Principle |
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Cash basis accounting |
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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