Q329
Economic life of an enterprise Is split into periodic interval as per ____ concept
A.
Materiality
B.
Periodicity
AnswerC.
Accrual
D.
Conservation
Answer: Option B
Solution
Answer: Option B
Solution:
Economic life of an enterprise Is split into periodic interval as per Periodicity concept. It is the concept that each accounting period has an economic activity associated with it, and that the activity can be measured, accounted for, and reported upon.