What is periodicity concept
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Answer / srinivas siripuram
Financial transactions are maintained on a periodic basis.
We measure the assets, liabilities, and owner's equity at a
given point in time, which is usually done at least on an
annual basis. To do this income needs to be measured during
the intermittent period.
| Is This Answer Correct ? | 7 Yes | 3 No |
Answer / kriza
Financial transactions are maintained on a periodic basis.
We measure the assets, liabilities, and owner's equity at a
given point in time, which is usually done at least on an
annual basis. To do this income needs to be measured during
the intermittent period.
| Is This Answer Correct ? | 0 Yes | 0 No |
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