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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