Match the following concepts to the related statements: a. Periodicity b. Accrual accounting c. Permanent accounts d.

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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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Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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