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In Accounting, also known as the Accounting Period Concept. Where business operation can be divided into specific period of time such as a month, a quarter or a year(accounting period)
Final accounts are prepared at the end of the accounting period ie one year. Internal accounts can be prepared monthly, quarterly or half yearly.
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The concept of time value of money?
The concept of time value of money is used to compare the investment alternatives. The concept of money is also used to solve the problems that involves mortgages, leases and annuities.
What is accounting period conversation?
An accounting period refers to the interval between two points in time during which the financial activity of a business is measured.
What time value of money concept is used to measure the carrying value of investments in bonds?
bonds valuation is the TVM concept used to measure the carring value of investments in bonds.
What is meant by the Accounting Period Concept?
When accountants prepare financial statements, they assume that the life of the business can be divided into time periods. This is called the accounting period concept. Using this concept, accountants must determine in which period to report the revenues and expenses of the business.
What Basic 8 concepts of financial accounting?
There are eight accounting concepts: Business entity concept, cost concept, going concern concept, matching concept, objectivity concept, unit of measure concept, adequate disclosure concept, and accounting period concept
What is a synonym for time?
Synonyms for the concept "time" could include period, duration, or interval. Synonyms for "a time" could include period, era, age, or epoch.
What is time interval in science?
An interval is the spacing of time. For example: I ran for an interval of 10 minutes then walked for an interval of 30 minutes. Or each car has an interval of 0.5 seconds.
What is the Separation in time and space?
Interval .
What is time-interval?
Time interval is the period of time between the start and end of an activity.
What is time in science?
An interval is the spacing of time. For example: I ran for an interval of 10 minutes then walked for an interval of 30 minutes. Or each car has an interval of 0.5 seconds.
What is the shortest interval of time that can be geologically referenced?
the shortest geologic time interval is a period.
What is the concept interval training?
Interval training consists of repeated bouts of high to moderate-intensity exercise inter-spread with periods of rest or reduced-intensity exercise.
What systolic time interval measurements is normally the longest?
the systolic time interval measurements are longest at LVET.
What is needed to create a motion diagram?
Position and Time interval. Both A (position) and C (time interval).
What characteristics of the graph of a function by using the concept of differentiation first and second derivatives?
If the first derivative of a function is greater than 0 on an interval, then the function is increasing on that interval. If the first derivative of a function is less than 0 on an interval, then the function is decreasing on that interval. If the second derivative of a function is greater than 0 on an interval, then the function is concave up on that interval. If the second derivative of a function is less than 0 on an interval, then the function is concave down on that interval.
The interval between two occurrences is?
The interval between two occurences is TIME.
The amount of work done divided by the time interval the work required is?
The average power during the time interval.
