Question
The business transactions are recorded date wise to create proper record for all transactions. This is part of which of the following
Answer: Option D
:
D
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.
Was this answer helpful ?
:
D
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.
Was this answer helpful ?
More Questions on This Topic :
Latest Videos
Latest Test Papers
Submit Solution