CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

The business transactions are recorded date wise to create proper record for all transactions. This is part of which of the following


A

Realization Concept

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

Materiality Concept

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

Historical Record Concept

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

Accounting Period Concept

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

The correct option is D

Accounting Period Concept


An accounting period is the span of time covered by a set of financial statements. The business transactions are recorded date wise to create proper record for all transactions as per Accounting Period Concept.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
GAAP and Basic Accounting Concepts
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon