Preparing financial statements at the end of each monthly fiscal period is an application of the accounting concept
A) Adequate Disclosure.
B) Going Concern.
C) Objective Evidence.
D) Accounting Period Cycle.

Question

Quizplus · Accepted Answer

The Accounting Period Cycle concept supports the practice of preparing financial statements at regular intervals, such as monthly, to provide timely information to users.

Preparing Financial Statements at the End of Each Monthly Fiscal