Accounting divides the economic life of a business entity into artificial time periods.

Name: Accounting divides the economic life of a business entity into artificial time periods.
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Question

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Accounting uses time periods such as months or years to measure and report on the financial activities of a business. This allows for comparisons of financial data over time and helps management make informed decisions based on past performance.

Accounting Divides the Economic Life of a Business Entity into Artificial