The time period concept assumes that the activities of a business can be sliced into small time segments.

Name: The time period concept assumes that the activities of a business can be sliced into small time segments.
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Quizplus · Accepted Answer

The time period concept assumes that the activities of a business can be measured and reported over a specific period of time, such as a month, quarter, or year. This allows for better tracking of financial performance and comparison with previous periods.

The Time Period Concept Assumes That the Activities of a Business