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What is period assumption? |
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all entities need to report their results in the form of either profit or operating surplus. This result is determined in particular periods of time, such as a months or a year, in order to get comparability of results. This divisions of the life of the entity into equal time intervals is knows at period assumption
First answer by ID3408068932. Last edit by ID3408068932. Question popularity: 28 [recommend question]
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