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The justifications, drawbacks and consequences of accounting period concept

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The justifications, drawbacks and consequences of accounting period concept
Answered Same Day Dec 29, 2021

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David answered on Dec 29 2021
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The justifications, drawbacks and consequences of accounting period concept
Accounting period concept determines the period for which books of accounts or
financial statements are prepared. The period may differ with respect to internal or
external accounts. For internal accounts the period may vary from monthly, quarterly or
half yearly. For external period it is generally 12 months
The concept...
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