In income measurement & recognisation of assets & liabilities which of thefollowing concepts goes together ?
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7
Answer:
Cost, going Concern and Realization. Cost, Accrual and Matching. Accrual, Matching and Periodicity.
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0
Answer:
The concepts which are in income measurement and recognition of assets and liabilities is periodicity, Accural and Matching
Explanation:
- Periodicity is the concepts that the accounting of the organisation are to be done for definite period usually Financial year
- Accural concepts is nothing but actually transaction takes place for that organisation which are accountable
- Matching concepts is always linked between the periodicity concepts and Accural concepts which is the actual transaction takes place for that particular financial year
- So these concepts are always goes together for the recognition of assets and liabilities
Answered by
0
Answer:
The concepts which are in income measurement and recognition of assets and liabilities is periodicity, Accural and Matching
Explanation:
- Periodicity is the concepts that the accounting of the organisation are to be done for definite period usually Financial year
- Accural concepts is nothing but actually transaction takes place for that organisation which are accountable
- Matching concepts is always linked between the periodicity concepts and Accural concepts which is the actual transaction takes place for that particular financial year
- So these concepts are always goes together for the recognition of assets and liabilities
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