concept states that the financial records should always be published in a definite time period.

Going Concern

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Accounting equation

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Accounting period

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Money Measurement

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C Accounting period
Accounting period concept states that the financial records should always be published in a definite time period. This concept requires that the life of business should be segregated into equal parts which are termed as Accounting Periods. This concept requires consistency of accounting periods.

Suggest Corrections

Similar questions

According to which concept, the financial records should always be published in a definite time period?

Join BYJU'S Learning Program