Accountancy, asked by sujitmatale19, 1 month ago

According to 'Periodicity concept',
entire life of the firm is divided into

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Answered by nihalkathrotiakep

1

Answer:

Answer: The time period assumption is also known as accounting time period concept, it says that life of a business can be divided into different time intervals mainly quarter, 6 months or a year. It helps the organization to analyze the things which it has done in the past and take actions according to that in future.

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