Accountıng I Deneme Sınavı Sorusu #1246987
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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Revenue recognition principle |
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Matching principle |
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Social responsibility concept |
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Identification 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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