Question

Define time period assumption

Answer 1

time period assumption definition. Also known as the periodicity assumption. The accounting guideline that allows the accountant to divide up the complex, ongoing activities of a business into periods of a year, quarter, month, week, etc.

Answer 2

time period assumption definition. Also known as the periodicityassumption. The accounting guideline that allows the accountant to divide up the complex, ongoing activities of a business into periods of a year, quarter, month, week, etc.