The timeliness principle assumes that an organization's activities can be divided into specific time periods including:
A) One month.
B) Quarters.
C) Fiscal year.
D) Calendar year.
E) Any of the above.
Correct Answer:
Verified
Q63: Before adjusting for accrued revenues, both assets
Q67: Correcting entries are a specialized type of
Q68: Correcting entries cannot involve cash.
Q70: The report format is considered to be
Q84: The 12-month period that ends when a
Q85: If throughout an accounting period the fees
Q86: Under the alternative method for recording unearned
Q96: The accounting principle that requires revenue to
Q97: Prepaid expenses, depreciation, accrued expenses, unearned revenues,
Q100: The broad principle that requires expenses to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents