FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
Bartleby Related Questions Icon

Related questions

Q: Define the term Current ratio with example.
A: Ratio analysis: It is the financial analysis tool for measuring the profitability, liquidity,…
Q: Define forward contract.
A: It is a form of derivative contract which is used as an agreement
Q: Define Net realizable value.
A: Net realizable value is the expected cash to be received against a given asset.  Thus, Net…
Q: Explain AMENDMENT OF TIME FRAMES?
A: Time frame is the slot if time under which something has to occur or planned. Here, time frames…
Q: Define Average collection period.
A: Definition:   Accounts receivable turnover: This is the ratio which analyzes the number of times…
Q: Explain Computing Holding Period Returns?
A: Introduction: Holding period returns (HPRs): Holding period return (HPR) is one of the investment…
Q: Amounts of interest depend on lengths of time.Explain how?
A: Interest is also dependent on the base of the length of time A loan taken for a long period of time…
Q: escribe a subsequent eve
A: A subsequent event is an event that take place after the balance sheet date but before before the…
Q: What are MACRS recovery period?
A:
Q: What is maturity date?
A: Maturity dates are generally used in order to classify the securities as short term, medium term or…
Q: Define What are trendlines?
A: Technical Analysis: It is the study of price movement of the security. It involves study of chart…
Q: What is difference between PERIODIC FIFO and PERPETUAL FIFO.
A: FIFO:   FIFO method is a method used for cost flow assumption mainly for the purpose of cost of…
Q: What is EPS and how is it calculated?
A: EPS is referred to as earning per share and is defined as portion of company's profit allocated to…
Q: Define regular interest
A: The investment in securities like bonds, investors receive interest which is either accrued or…
Question

Define time period concept.

Expert Solution
Check Mark
Step 1

Accounting principle: These are the guidelines which are to be applied while preparing the accounting books through financial data. It contains the suggestions and rules which have been applied at various points by various entities in order to provide standardized accepted rule-based financial information.

bartleby

Step by stepSolved in 2 steps

Blurred answer
Knowledge Booster
Background pattern image
Accounting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Text book image
FINANCIAL ACCOUNTING
Accounting
ISBN:9781259964947
Author:Libby
Publisher:MCG
Text book image
Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,
Text book image
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Text book image
Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON
Text book image
Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education
Text book image
Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education
SEE MORE TEXTBOOKS