Determining periodic earnings and financial position depends on measuring economic resources and obligations and changes in them as these changes occur. This explanation pertains to
A) Disclosure
B) Accrual accounting
C) Materiality
D) The matching concept

Question

Quizplus · Accepted Answer

Measuring economic resources and obligations and changes in them as they occur is an essential aspect of accrual accounting, which is used to determine periodic earnings and financial position.

Determining Periodic Earnings and Financial Position Depends on Measuring Economic