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What A correction in the amount of net income reported in earlier accounting periods?
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Which accounting assumption assumes that all accounting information is reported monthly or yearly?
By definition the time period assumption presumes that the life of a company can be divided into time periods, such as months and years, and that useful reports can be prepared for those periods. Answer is Time period assumption
What are the types of accounting periods?
calander year and finacial year
What are the basic principles of accounting?
The basic accounting principles is that the accounting transactions should be recorded in the accounting periods Second important principle is record all the expenses and liabilities as soon as they occur.
What are the three accounting period?
The time taken to perform a particular set of financial statements is called accounting period. It differs with various reports and company types. The major 3 accounting periods are as follows:CalenderPiscalNatural business
What are the 3 annual accounting periods?
1. Calendar 2. Piscal 3. Natural Business
What is the accrual concept?
The accruals concept of accounting states that transactions are to be recognised when they occur, and reported in the periods to which they relate.
Which accounting assumption assumes that all accounting information is reported monthly or yearly?
By definition the time period assumption presumes that the life of a company can be divided into time periods, such as months and years, and that useful reports can be prepared for those periods. Answer is Time period assumption
Presenting consolidated financial statements this year when statements of individual companies were presented last year is?
an accounting change that should be reported by restating the financial statements of all prior periods presented.
Should accounting periods should be of equal length to facilitate comparisons between periods?
true
What are the types of accounting periods?
calander year and finacial year
What are the basic principles of accounting?
The basic accounting principles is that the accounting transactions should be recorded in the accounting periods Second important principle is record all the expenses and liabilities as soon as they occur.
What has the author Langdon Day written?
Langdon Day has written: 'Tax accounting methods and periods' -- subject(s): Law and legislation, Tax accounting
How did Renaissance art differ from earlier periods in terms of painting technique?
Renaissance art differ from earlier periods in terms of painting technique Renaissance artists used oil paints on dry walls.
What has the author John J Cordner written?
John J. Cordner has written: 'Accounting periods' -- subject(s): Accounting, Income tax, Law and legislation
What are the three accounting period?
The time taken to perform a particular set of financial statements is called accounting period. It differs with various reports and company types. The major 3 accounting periods are as follows:CalenderPiscalNatural business
What are the 3 annual accounting periods?
1. Calendar 2. Piscal 3. Natural Business
Does romantic music have less expression than music of earlier periods?
Yes and No
