Question

Periodicity
of the entity
e achieved by the entity in the ordinary
at the end of its de
00 years, it is not desirable to measure its performance as well as for
outorkable fraction of time is chosen out of infinite life cycle of the business
ng performance and looking at the financial position Generally one year period is taken
ce measurement and appraisal of financial position. However, it may also be 6 months
months or 15 months
Ogarding to this concept accounts should be prepared after every period & not at the end of their
, Usually this period is one calendar year. We generally follow from 1st April of a year to a
March of the immediately following year,
Thus, for performance appraisal it is not necessary to look into the revenue and expenses of an und
long time trame This concept makes the accounting system workable and the term accrual meaning
one thinks of indefinite time-frame, nothing will accrue. There cannot be unpaid expenses and na
receipt of revenue. Accrued expenses or accrued revenue is only with reference to a finite time-fra
which is called accounting period
Thus the periodicty concept facilitates in:
Comparing of financial statements of different periods
Eg. Depre
Demand consistent accounting treatment for ascertaining the profit and assets of the busin
Watching periodic revenues with expenses for getting correct results of the business operation
heral concept oder accrual concept, the effects of to​

Answer 1

Answer:

this is the correct one you have written

Explanation:

but you have not mentioned that what to do in the question please mention