Accountancy, asked by chandpppp47, 3 months ago

In income measurement & recognisation of assets & liabilities which of thefollowing concepts goes together ?

Answers

Answered by aqsanajeebniazi
7

Answer:

Cost, going Concern and Realization. Cost, Accrual and Matching. Accrual, Matching and Periodicity.

Answered by Sinthushaa
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 Sinthushaa
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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