Multiple Choice
The underlying assumption that assumes that the life of a company can be divided into artificial time periods is:
A) Periodicity
B) Going concern
C) Economic entity
D) Monetary unit
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q59: Income is the output of excess or
Q60: The manufacturing account is prepared<br>A)To ascertain the
Q61: The cash discount allowed to a debtor
Q62: A business firm is separate and distinct
Q63: Depreciation of fixed assets is an example
Q65: Rs. 5000 spent on replacement of worn
Q66: Rules of revenue recognition determine that earning
Q67: When a machinery is purchased for cash,
Q68: According to the money measurement concept, the
Q69: Which accounting concept should be considered if