Accountıng I Deneme Sınavı Sorusu #1181871
...................... assumes that unlimited economic life of a company.
Which of the following should be brought to the space left above?
The Revenue Recognition Principle |
Matching Principle |
Expense recognition principle |
Time Period Concept |
Monetary Unit Assumption |
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. The correct answer is D.
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