Match the following concepts to the related statements: a. Periodicity b. Accrual accounting c. Permanent accounts d.
Question:
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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Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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