What is periodicity concept

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What is periodicity concept..

Answer / srinivas siripuram

Financial transactions are maintained on a periodic basis.
We measure the assets, liabilities, and owner's equity at a
given point in time, which is usually done at least on an
annual basis. To do this income needs to be measured during
the intermittent period.

Is This Answer Correct ?    7 Yes 3 No

What is periodicity concept..

Answer / kriza

Financial transactions are maintained on a periodic basis.
We measure the assets, liabilities, and owner's equity at a
given point in time, which is usually done at least on an
annual basis. To do this income needs to be measured during
the intermittent period.

Is This Answer Correct ?    0 Yes 0 No

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