Question: Match the following concepts to the related statements a Periodicity

Match the following concepts to the related statements:
a. Periodicity
b. Accrual accounting
c. Permanent accounts
d. Temporary accounts
1. Encompasses all the techniques that determine income for an accounting period.
2. Accumulate from zero each accounting period.
3. Concept that embodies assumption that life of business can be divided into accounting periods.
4. Have a balance that carries forwarded from one accounting period to another.


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  • CreatedMarch 26, 2014
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