Home About Contact Us Disclaimer Privacy Policy Terms & Conditions Blog Submit MCQs
GK MCQs Pak Study Islamic Study Everyday Science
Current Affairs
Pakistan & World Affairs 2025 Pakistan & World Affairs 2024 Pakistan & World Affairs 2023
PAST PAPERS
PPSC Past Papers FPSC Past Papers CSS Past Papers NTS Past Papers KPPSC Past Papers
MORE SUBJECTS
Urdu MCQs Geography MCQs English MCQs Pedagogy MCQs Computer MCQs
BLOG
Study Tips
Search Login

MAIN MENU

SUBJECTS MCQs

PUBLIC SERVICE COMMISSIONS

PAST PAPERS

Global Search Engine

Your Favorite Questions

Home > Accounting > Question

The concept that divides the continuous life of this indefinite business into equal time periods to measure performance is:

0
A) Matching Concept
B) Going Concern Concept
C) Accounting Period Concept
D) Cost Concept

Correct Answer: C) Accounting Period Concept

• The core theoretical concept dividing a firm's infinite life into equal, measurable chunks is the Accounting Period Concept. • A standard corporate accounting period is typically structured as exactly One financial year. • The strong assumption that a business will operate indefinitely into the future is the Going Concern Concept. • The strict rule stating expenses must perfectly align with the revenues they generate is the Matching Concept. • The accounting principle requiring massive assets to be recorded at their original purchase price is the Cost Concept.

« Prev Next »

Advertisement

[ Ad Banner Space ]

Discussion (0)

Discussion mein hissa lene ke liye login karna zaroori hai.

Login / Register

Koi comment nahi. Sab se pehle aap apna comment karein!

Related Questions

Sub Categories

Leave a Reply / Ask a Question